CAE signs four contracts in Europe
At the European Airline Training Symposium, which runs from November 6 to 8 in Madrid, CAE announced that it has signed four important training contracts with airlines.
The largest contract in terms of revenue is the one signed with easyJet which makes CAE its exclusive supplier for the training of all its pilots for a period of 10 years. To meet the need of easyJet, CAE will build a new training center in London-Gatwick with a dedicated area for easyJet and CAE will install nine Airbus A320 7000XR simulators and three 600XR motionless simulators. easyJet will be the launch customer for the 600XR and the amount of this contract is $ 170 million.
CAE has entered into an agreement for the recruitment and training of 80 student pilots with Vueling. CAE is already partnering for Vueling pilot training and this new four-year agreement covers the recruitment and training of cadets pilots who will be offered a job at Vueling at the end of their 18-month training. This new mandate allows CAE to expand its basic training services at its Madrid center.
CAE has also expanded its cooperation with the regional carrier CityJet with the conclusion of a training contract for pilots on CRJ-900/1000. Starting in 2020, CAE will be responsible for initial type training, qualification and recurrent training on the CRJ-900/1000. CAE will install a new 7000XR CRJ-900/1000 simulator at its center in Amsterdam. CAE will also recruit and train ab initio 12 cadets for CityJet over the next year.
Finally, CAE announced that it will be the exclusive supplier for the training of all the pilots of the Polish company LOT for a period of two years. The agreement covers all types of aircraft in operation with LOT, Boeing, Bombardier and Embraer.
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