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Emirates-CAE Flight Training continues solid pace of growth in the Gulf
- Continued market growth: C$16 million in new business, addition of simulators
- Expansion into civil helicopter training with first Bell 412 simulator in the
Gulf
MONTREAL, Dec. 8 /PRNewswire-FirstCall/ -- (NYSE: CGT; TSX: CAE) - Amid the
backdrop of the Dubai air show, Dubai's Crown Prince HH General Sheikh Mohammed
bin Rashid Al-Maktoum officially inaugurated Emirates-CAE Flight Training's
(EFCT) new 14-bay state-of-the-art training centre.
In addition, C$16 million in new business was announced as were commitments to
install a second Boeing 737NG/BBJ simulator and a Bell 412 helicopter
full-flight simulator, the first of its kind in the Gulf region. It will have a
CAE Sim XXI(TM) platform, which is CAE's latest simulation technology.
The new centre is the result of a 10-year C$130 million teaming agreement
between CAE and the Emirates Group. The three-storey 80,000-square-foot facility
boasts many firsts in the Middle East: the first and only independent centre in
the region catering to both commercial and business aircraft operators; the
first to be qualified to both Europe's Joint Aviation Authorities and the U.S.'s
Federal Aviation Administration regulatory standards; and the first outside
North America to offer pilot and maintenance training for the Hawker 800/800XP,
Gulfstream IV and V aircraft.
A number of Gulf and Middle Eastern operators have signed commitments to train
on the Bell 412 simulator, which is expected to be installed in 2005. The
device, which will be fitted with a CAE Tropos(TM) visual system, can also
accommodate Bell 212 training. Bell 212 and 412 helicopters are popular among
commercial oil and gas support operators, emergency services and law enforcement
organizations. CAE is already recognized as a leader in military helicopter
training systems.
"When we signed this alliance with Emirates, it signified a strategic move for
CAE to expand its training network worldwide," said Derek H. Burney, president
and chief executive officer. "And today's ceremony speaks volumes about the
success of this venture: we are providing greater value to the region's aircraft
operators by offering the highest-quality, fully certified training closer to
their home base."
About C$16 million in new training agreements were signed with Air Arabia,
National Air Services and Royal Brunei. They join Arabasco, Emirates, Jet
Aviation, Kuwait Airways, Middle East Airlines, Oman Air, Qatar Airways, Royal
Jet and others already training at the centre.
Sheikh Ahmed bin Saeed Al-Maktoum, chairman of Emirates, commented: "Emirates is
pleased to be part of this jointly operated centre which has been at the
forefront of the development of aviation training in the Gulf. This facility
heralds a new era in aviation in the Middle East as the first flight training
centre with dually approved type-rating."
The second Boeing 737NG/BBJ will be installed in spring 2004. When it's in
place, Emirates-CAE Flight Training will offer training on two Boeing
737NGs/BBJs, a convertible Hawker 800/800XP, a Gulfstream IV, a Gulfstream V, an
Airbus A330/A340 and an Airbus A319/A320/A321/ACJ.
Before it began operations in September, customers of Emirates-CAE Flight
Training had been training at a facility in the Dubai Airport Free Zone.
Emirates, the world's fastest-growing intercontinental full service airline,
flies to 71 destinations in 50 countries, and operates a fleet of Boeing and
Airbus aircraft, with an average age of just three years.
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 about 6,000 people in Canada, the United States and around the globe.
A high-resolution downloadable photo of the ceremony is available in our
Photo Gallery in the Newsroom section of our Web site:
http://www.cae.com/en/photos.shtml
DATASOURCE: CAE INC.
CONTACT: Media contacts: Johanne Denault, Manager, Public Relations,
(514) 341-6780 ext. 4889, ; Arthur C. Perron,
Vice-President, Government and Media Relations, (514) 341-6780 ext. 5370,
; Investor relations: Andrew Arnovitz, Director,
Corporate Communications and Investor Relations, (514) 734-5760,