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CAE sells six simulators, training contracts mainly to Asia for $130 million

CAE sign outside their Montreal, Quebec headquarters. April 29, 2013. THE CANADIAN PRESS IMAGES/Mario Beauregard

MONTREAL – CAE has sold six full-flight simulators and signed training contracts mainly in Asia for more than $130 million.

The Montreal-based company said four of the devices for Boeing aircraft and two trainers have been sold to the Shanghai training subsidiary of China Eastern Airlines.

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One Airbus A320 simulator and pilot transition trainer is going to Airbus’s Asian training centre.

Russian aviation equipment company NITA (New Information Technologies in Aviation) has also ordered a Boeing 737 Next Generation simulator for an aviation school.

In addition to the simulators, CAE (TSX:CAE) said it has inked a five-year training contract extension with Eastar Jet in Seoul, Korea, a contract renewal for Airbus pilot training from an undisclosed customer in Asia, and an Airbus flight crew sourcing through CAE Parc Aviation for an undisclosed Asian customer.

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Eastern Air Lines has also signed a five-year contract for Boeing 737 pilot type-rating training in the United States.

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