News from The Globe and Mail

Thursday, March 16, 2006

CAE Inc. says it has sold three flight simulators and training devices in China for $53-million. The Montreal-based company said yesterday the order from Zhuhai Flight Training Centre, a joint venture of CAE and China Southern Airlines Co. Ltd. includes simulators for Airbus A320, Airbus A330 and Boeing 737 NG aircraft. It brings the total number of CAE-built simulators the Zhuhai centre operates to 13. The new simulators will enable the centre to accommodate about 4,000 pilots a year. "The Chinese aviation market has long been an area of strategic importance to CAE," said Marc Parent, CAE Group president for simulation products. The simulators are scheduled for delivery to Zhuhai Flight Training Centre's new facility in the Zhuhai free-trade zone beginning in spring 2007. CAE (TSX) rose 18 cents to $9.56. 1055 (Hong Kong) rose 5 Hong Kong cents (.007 cents) to $2.35. CP

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