CAE sells three full-flight simulators for C$42 million

Tue Aug 7, 2012 6:55am EDT
 
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(Reuters) - Aviation trainer CAE Inc (CAE.TO: Quote) CAE.N said it sold three full-flight simulators to Air China (0753.HK: Quote) (601111.SS: Quote) for C$42 million ($42 million) at list prices.

CAE, which offers civil aviation, military and helicopter training services, said it sold the full-flight simulators for Airbus A320, A330 and Boeing 737 aircraft.

Air China is the national flag carrier of China.

CAE has sold 10 full-flight simulators so far in fiscal year 2013. The company in June announced the sale of four flight simulators to Aviation Industry Corp of China, Singapore Airlines (SIAL.SI: Quote) and two other companies for C$65 million.

Shares of Montreal-based CAE closed at C$9.98 on Friday on the Toronto Stock Exchange.

(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Maju Samuel)