8/30/2016 08:00:00 AM
CAE signs new 5-year commercial aviation training solutions agreement with Korea Airports Corporation
Singapore, August 30,
2016 (NYSE: CAE; TSX: CAE) -
CAE announced today at the 2016 Asia Pacific Airline Training
Symposium that it has signed a new pilot training agreement with
Korea Airports Corporation (KAC), a decision welcomed by the
Ministry of Land, Infrastructure and Transport (MOLIT) of the
Republic of Korea. This 5-year contract complements the recently
announced sale of the Cessna M2 full-flight simulator (FFS)
mentioned in CAE's press release dated July 12, 2016.
This new jet training program highlights CAE's leadership in the
delivery of customized training services and its broad range of
training solutions, from cadet training to training equipment
support services. As part of the agreement, CAE will provide a
number of training services to support KAC's new jet training
program under which up to 200 cadets will be trained every year.
KAC's new jet training program will include ground-school training,
as well as aircraft and full-flight simulator training. The future
pilots will start training next year at CAE's Korea Training Centre
at Gimpo airport, Korea.
"We are pleased to partner with the worldwide training leader
CAE and we are delighted to build upon this new relationship," said
Mr. Lim Gui Sup, KAC Vice President of Business Development. "We
are confident that CAE will deliver world-class training services
and help us with all of our training needs to address the growing
demand of new pilots in Korea."
"We are delighted to see the partnership between KAC and CAE,
and we are confident that this new jet training program will be a
great success and will contribute greatly to the Korean Aviation
industry," said Mr. Chang Man Heui, MOLIT Senior Director of
Aviation safety. "We will continue to support this new
partnership between KAC and CAE and look forward to our growing
relationship with CAE."
"We are honored that KAC has selected CAE as its global training
partner of choice to help meet the growing pilot demand in Korea,"
said Nick Leontidis, CAE Group President, Civil Aviation Training
Solutions. "At CAE, we are committed to delivering customized
training solutions that meet our customers' needs, and we are proud
to support KAC's new jet program."
CAE is a global leader in training for the civil aviation,
defence and security, and healthcare markets. Backed by a 70-year
record of industry firsts, we continue to help define global
training standards with our innovative virtual-to-live training
solutions to make flying safer, maintain defence force readiness
and enhance patient safety. We have the broadest global presence in
the industry, with 8,000 employees, 160 sites and training
locations in over 35 countries. Each year, we train more than
120,000 civil and defence crewmembers and thousands of healthcare
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Hélène V. Gagnon, Vice President, Public Affairs and Global
Andrew Arnovitz, Vice President, Strategy and Investor
Frédéric Morais, Marketing Leader, Civil Aviation Training
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