CAE Expands Training Operations in Middle East Market

CAE said last week it had received Level D qualification of the world’s first simulator for the Boeing 747-8 freighter, a full-flight simulator (FFS) sold to Luxembourg-based Cargolux Airlines International. Luxembourg’s national aviation authority awarded the simulator EASA Level D qualification. CAE also announced November 12 that it had received Level D qualifications from the FAA for its first two Boeing 787 FFSs for undisclosed North American customers.

On November 13 the Canadian aviation-training specialist released its financial results for the second quarter ended September 30. Net income attributable to equity holders was $36.6 million this quarter, compared to $34 million last year. Revenue for the quarter was $465.6 million, against $483.8 million in the second quarter last year.
“We achieved a book-to-sales ratio of 1.47 on solid order intake and our backlog reached $3.73 billion,” said Marc Parent, CAE’s president and CEO. “This includes a record $1.9 billion backlog in civil, which is indicative of our sector leadership within a robust aerospace market.”
17/11/13 AINonline