CAE sold six CAE 7000 Series Level D full-flight simulators (FFS) at the Paris Air Show, to airline customers in Asia, Europe and North America. CAE will provide a Boeing 787 FFS to British Airways, FFSs for the Airbus A330 and Boeing 737NG aircraft to Garuda Indonesia, an FFS for the Airbus A380 aircraft to Skymark Airlines, an Airbus A320 FFS to US Airways and a Boeing 737-800 FFS to an undisclosed North American airline. CAE has also signed contracts with various airlines for upgrades and updates of CAE-built simulators. The contracts are worth a total of approximately C$100 million at list prices, and with the sale of a Phenom 100/300 FFS to Embraer-CAE Training Services announced in May, these bring the total number of FFS sales that CAE has announced to date during fiscal year 2012 to seven.
Also announced at the Paris Air Show was the forming of a joint venture between CAE and Mitsui & Co., Ltd., to establish and operate a training centre in Japan for the new Mitsubishi Regional Jet (MRJ). CAE announced in 2010 at the Farnborough Air Show an agreement with Mitsubishi Aircraft Corporation to develop and deliver a comprehensive training solution for the MRJ, including a 10-year Exclusive Training Provider program. The MRJ training centre in Japan will be ready for training in 2013; CAE and Mitsui will be equal partners in the facility. In addition, CAE will deploy an MRJ simulator in a training centre in the central United States, also in 2013, for which Mitsui may provide support. Additional MRJ simulators will be deployed based on market requirements, and under the terms of the agreement CAE and Mitsui may explore collaboration on these future simulator deployments.
In support of the Mitsubishi agreement, CAE is developing two CAE 7000 Series MRJ Level D full-flight simulators (FFS) as well as CAE Simfinity integrated procedures trainers.
