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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

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Post by mark5698on Jun 17, 2003 8:15am
63 Views
Post# 6176101

Demand fuels growth ...

Demand fuels growth ...in Emirates-CAE training business LE BOURGET, France, June 17 /PRNewswire-FirstCall/ -- In response to growing demand in the Middle East, Europe and Asia for aviation training services, Emirates- CAE Flight Training today announced, during a contract signature ceremony, that it will add a convertible Hawker 800/800XP full- flight simulator to its Dubai facility, and that it has signed three new customers. The simulator, which will become the centre's sixth, is equipped with CAE's Maxvue Plus visual system. Airlines taking advantage of the Emirates-CAE alliance can procure training for their pilots on a variety of aircraft types: Boeing 737NG, Gulfstream IV, Gulfstream V, Airbus A330/A340 and the Airbus A319/A320/A321/ACJ. "The region is well-served by this training facility," said HH Sheikh Ahmed bin Saeed Al-Maktoum, chairman of Emirates. "Airlines in the region know and trust the names of CAE and Emirates, and as the centre adds new devices, I firmly believe we'll continue to sign on new customers." Emirates-CAE Flight Training signed multi-year contracts with Middle East Airlines (MEA), Royal Jet and Arabasco. MEA pilots will receive A330/A340 cross-crew training and will use the CAE Simfinity(TM) line of products and services. Royal Jet and Arabasco pilots will receive simulator training on the B737NG/Boeing Business Jet, and classroom instruction using CAE Simfinity(TM). Royal Jet will also train its pilots on the Gulfstream IV simulator. "The Emirates-CAE centre is definitely proving its worth, bringing value through improved training services for customers in the region. The addition of the Hawker device signals our commitment to servicing the needs of business aircraft operators," said Derek Burney, CAE's president and chief executive officer. Emirates-CAE Flight Training is a teaming alliance formed in July 2001 by Emirates and CAE. Emirates is one of the world's fastest-growing airlines, operating a fleet of Boeing and Airbus. It flies to 66 cities in 46 countries in Europe, the Middle East, Africa, Asia, the Far East, and Australia. CAE (NYSE: CGT; TSX: 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. CAE Inc. CONTACT: visit CAE's booth 5/C6/B at the Paris Air Show, June 15-22, or contact: Johanne Denault, External Communications/ Andrew Arnovitz, Corporate Communications & Investor Relations, 514-341-6780; David Snelling, Manager, Media Relations, Emirates, (00 971 +4) 203 2165
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