Mumtalakat orders two additional full-flight simulators to support Gulf Air pilot training
16 June 2009 - 9:45PM
Marketwired
(NYSE: CGT) (TSX: CAE) - Today at the Paris Air Show, CAE announced
that it has sold two additional full-flight simulators (FFS) and a
suite of support services to Bahrain Mumtalakat Holding Company
("Mumtalakat"), the investment arm of the Kingdom of Bahrain and
the owner of Gulf Air, Bahrain's national carrier. The total list
price value of the contract exceeds C$50 million.
The contract is for a CAE 7000 Series A330/A340 convertible FFS
and an additional CAE 5000 Series A320 FFS. All full-flight
simulators for Mumtalakat will feature the CAE Tropos(TM)-6000
visual system. In addition, CAE will provide a suite of support
services over the next ten years. The contract brings the total FFS
sales that CAE has announced during fiscal year 2010 to six.
Last month, CAE had announced the sale of a CAE 5000 Series A320
FFS and CAE Simfinity(TM) Airbus Pilot Transition (APT) trainers
for the A320, A330 and A340 aircraft to an undisclosed customer.
CAE is now identifying this customer as Mumtalakat.
Talal Al Zain, Chief Executive Officer of Mumtalakat and
Chairman of Gulf Air, said, "I am pleased to announce the purchase
of the new simulators which will enable Gulf Air to offer its
flight crews and those from across the Middle East access to the
most advanced simulator training equipment. Our investment will
help to meet the growing regional demand for pilot and crew
training. Today's announcement further enhances Bahrain's already
established reputation as a centre of excellence for pilot training
and will help to create job opportunities and financial growth in
Bahrain."
Marc Parent, Executive Vice President and Chief Operating
Officer of CAE, said, "Our contracts with Mumtalakat over the past
month mark the first time it has ordered simulation equipment from
CAE, and we are delighted Mumtalakat has placed its trust and
confidence in CAE's world-class simulation solutions. We are
excited to begin a long-term relationship with Mumtalakat's Gulf
Air holdings subsidiary as we work closely together to tailor our
comprehensive training solutions to help meet their growth
objectives."
About Mumtalakat
Mumtalakat is the investment company for Bahrain, and was
established as an independent holding company for the Government of
Bahrain's non-oil and gas assets. With 35 commercial enterprises
within its portfolio, Mumtalakat's investment strategy seeks to
enter into partnerships with local, regional and global
institutions targeting opportunities for long-term, sustainable
returns. For more information on Mumtalakat please go to
www.bmhc.bh.
About CAE
CAE is a world leader in providing simulation and modelling
technologies and integrated training solutions for the civil
aviation industry and defence forces around the globe. With annual
revenues exceeding C$1.6 billion, CAE employs approximately 6,500
people at more than 90 sites and training locations in 20
countries. We have the largest installed base of civil and military
full-flight simulators and training devices. Through our global
network of 29 civil aviation and military training centres, we
train more than 75,000 crewmembers yearly. We also offer modelling
and simulation software to various market segments and, through
CAE's professional services division, we assist customers with a
wide range of simulation-based needs. www.cae.com
High resolution photos of the signing ceremony will be available
on www.cae.com/photos
Contacts: CAE contacts: CAE Nathalie Bourque Vice President,
Public Affairs and Global Communications 1-514-734-5788
nathalie.bourque@cae.com Trade media: CAE Chris Stellwag Director,
Marketing Communications, Civil and Military 1-813-887-1242
chris.stellwag@cae.com Investor relations: CAE Andrew Arnovitz Vice
President, Investor Relations and Strategy 1-514-734-5760
andrew.arnovitz@cae.com
Cae (NYSE:CGT)
Historical Stock Chart
From Apr 2024 to May 2024
Cae (NYSE:CGT)
Historical Stock Chart
From May 2023 to May 2024