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CAE Inc T.CAE

Alternate Symbol(s):  CAE

CAE Inc. is a technology company. It operates in two segments: Civil Aviation and Defense and Security. The Civil Aviation training segment provides comprehensive training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a complete range of flight simulation training devices, ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions. It manages approximately 324 full-flight simulators. Its training systems includes CAE Real-time Insights and Standardized Evaluations (CAE Rise), which improves training through the integration of untapped flight and simulator data-driven insights into training. The Defense and Security segment provides platform-independent training and simulation solutions, preparing global defense and security forces for the mission ahead. In addition to solutions delivered to customer sites, it provides comprehensive training at its CAE global training centers.


TSX:CAE - Post by User

Bullboard Posts
Post by mark5698on May 22, 2003 8:18am
167 Views
Post# 6107867

Midway Airlines pilots to train on CRJ200s

Midway Airlines pilots to train on CRJ200sPhoenix, Arizona, May 20, 2003 - (NYSE: CGT; TSX: CAE) CAE has signed a two-year contract, with two renewable successive two-year terms, to provide CRJ200 full-flight simulator training to Midway Airlines pilots. The contract is valued between C$5-6 million at list prices, based on expected simulator utilization. This will allow the North Carolina-based airline to economically enhance the quality of their flight training programs and gain efficiencies in pilot training for their fleet of Bombardier CRJ aircraft. Midway Airlines pilots will train primarily in CAE’s Denver training centre and will also benefit from CAE’s North American training network. "We are committed to providing integrated training solutions that ensure the safety and economic goals of our customer airlines,” stated Gary Scott, CAE’s group president of Civil Simulation and Training. Midway sought simulator, instructor expertise, and training efficiencies and selected CAE. It's this type of customer-focused training solution that promotes aviation safety and creates value for our customers—airline operators." The Midway flight training agreement, which begins in June 2003, continues CAE's expanded support of CRJ regional training solutions. Midway Airlines is a North Carolina-based carrier, operating an all Bombardier CRJ fleet under agreement as a US Airways Express partner. Midway Airlines provides connecting service to US Airways at Washington National and Raleigh-Durham airports. CAE is a leading provider of integrated training solutions and advanced simulation and controls technologies to civil aviation, military and marine customers. The company generates annual revenues in excess of C$1 billion and employs more than 6,000 people in Canada, the United States and around the globe. For more information on aviation training with CAE, visit booth 128-130-229-231 at RAA in Phoenix May 18­21, or visit our Web site at: www.cae.com
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