CAE sells full-flight simulator to China's Zhuhai Flight Training Centre

MONTREAL, Aug. 25  /PRNewswire-FirstCall/ -- (NYSE: CGT; TSX: CAE) - CAE has received an order for a Boeing 737-800 full-flight simulator from Zhuhai Flight Training Centre, CAE's joint venture with China Southern Airlines. At list prices, the contract's value is C$16 million.

This Boeing 737 NG full-flight simulator brings the total number of CAE-built simulators that Zhuhai Flight Training Centre operates to ten, making it the largest independent training facility in China.

"CAE has been a leading flight-training technology provider in the Asia-Pacific region for more than two decades, and we're proud to continue to play an integral part in the development of this rapidly-expanding market," said Marc Parent, CAE's Group President, Simulation Products.

Established in January 2003 to provide aviation training solutions to Asian carriers, the joint venture company, Zhuhai Xiang Yi Aviation Technology Company Ltd., is 49-percent owned by CAE and 51-percent owned by China Southern Airlines.

CAE is a leading provider of simulation and modelling technologies as well as integrated training services for commercial and business aviation, and defence customers worldwide. The company has annual revenues of approximately C$1 billion, with operations and training facilities in 17 countries on five continents. 

DATASOURCE: CAE INC.



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