CAE sells full-flight simulator to China's Zhuhai Flight Training Centre
August 25 2005 - 3:02PM
PR Newswire (US)
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. CONTACT:
On the Web: http://www.cae.com/ ; Media contacts: Nathalie Bourque,
Vice President, Global Communications, (514) 734-5788, ; Anne von
Finckenstein, Manager, Public Relations, (514) 340-5370, ; Investor
relations: Andrew Arnovitz, Director, Investor Relations, (514)
734-5760,
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