Dominion Lending Centres Clearlease Reports CAE (TSX:CAE) signs simulator deals worth $100M; on track to meet 2012 sales forecast
VANCOUVER, BC (June 21, 2011) Dominion Lending Centres Clearlease Reports CAE (TSX:CAE) is on track to meet its forecast for simulator sales this year after winning contracts worth about $100 million for six full-flight simulators to airline customers in Asia, Europe and North America.
The deals, announced Tuesday June 21, 2011 at the Paris Air Show, are with British Airways, Garuda Indonesia, Skymark Airlines, US Airways and an undisclosed North American airline.
Montreal-based CAE (TSX:CAE) has also signed contracts with various airlines for upgrades and updates of CAE-built simulators.
The contracts bring the total number of flight simulator sales that CAE has announced to date in fiscal year 2012 to seven.
“These airlines come from Asia, Europe and North America, and each one of them has been our customer for many years, some as long as four decades,” said Jeff Roberts, CAE’s president of civil aviation products, training and services.
Michael Willemse of CIBC World Markets said the orders are in line with CAE’s fiscal 2012 guidance of around 29 simulator sales, the same as in fiscal 2011.
CAE, with more than 7,500 employees in 20-plus countries, has long been a world leader in providing simulators and simulation-based training for civil aviation and defence forces.
The company has annual revenues exceeding $1.6 billion.
On Monday, CAE announced two training joint ventures in Asia.
Asia’s largest low-cost carrier, AirAsia, is joining forces with CAE to form the Asian Aviation Centre of Excellence in Kuala Lumpur, Malaysia.
Its new centre will train pilots, cabin crew, maintenance workers and ground personnel for airlines in the Association of Southeast Asian Nations region.
The training centre will initially include six CAE full-flight simulators.
Willemse said the initial impact on revenue and earnings will be “nominal” since the three new simulators from AirAsia will be offset by the establishment of the joint venture.
“Over time, we expect strong revenue growth to be generated from the joint venture as the Asian market developments and the new training services are added,” he wrote in a report. The facilities were previously used only for pilot training.
CAE also announced Monday a joint venture with Mitsui to establish and operate a training centre in Japan for the new Mitsubishi Regional Jet or MRJ.
Last year, CAE announced an agreement with Mitsubishi Aircraft Corp. to develop a comprehensive training solution for the MRJ. The training centre is expected to open in 2013.
The MRJ is set to enter into service in 2014 with launch customer All Nippon Airways.
On the Toronto Stock Exchange, CAE’s shares gained 39 cents, or 3.12 per cent, to $12.90 in midday trading.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 21, 2011) Dominion Lending Centres Clearlease Reports CAE (TSX:CAE) is on track to meet its forecast for simulator sales this year after winning contracts worth about $100 million for six full-flight simulators to airline customers in Asia, Europe and North America.
The deals, announced Tuesday June 21, 2011 at the Paris Air Show, are with British Airways, Garuda Indonesia, Skymark Airlines, US Airways and an undisclosed North American airline.
Montreal-based CAE (TSX:CAE) has also signed contracts with various airlines for upgrades and updates of CAE-built simulators.
The contracts bring the total number of flight simulator sales that CAE has announced to date in fiscal year 2012 to seven.
“These airlines come from Asia, Europe and North America, and each one of them has been our customer for many years, some as long as four decades,” said Jeff Roberts, CAE’s president of civil aviation products, training and services.
Michael Willemse of CIBC World Markets said the orders are in line with CAE’s fiscal 2012 guidance of around 29 simulator sales, the same as in fiscal 2011.
CAE, with more than 7,500 employees in 20-plus countries, has long been a world leader in providing simulators and simulation-based training for civil aviation and defence forces.
The company has annual revenues exceeding $1.6 billion.
On Monday, CAE announced two training joint ventures in Asia.
Asia’s largest low-cost carrier, AirAsia, is joining forces with CAE to form the Asian Aviation Centre of Excellence in Kuala Lumpur, Malaysia.
Its new centre will train pilots, cabin crew, maintenance workers and ground personnel for airlines in the Association of Southeast Asian Nations region.
The training centre will initially include six CAE full-flight simulators.
Willemse said the initial impact on revenue and earnings will be “nominal” since the three new simulators from AirAsia will be offset by the establishment of the joint venture.
“Over time, we expect strong revenue growth to be generated from the joint venture as the Asian market developments and the new training services are added,” he wrote in a report. The facilities were previously used only for pilot training.
CAE also announced Monday a joint venture with Mitsui to establish and operate a training centre in Japan for the new Mitsubishi Regional Jet or MRJ.
Last year, CAE announced an agreement with Mitsubishi Aircraft Corp. to develop a comprehensive training solution for the MRJ. The training centre is expected to open in 2013.
The MRJ is set to enter into service in 2014 with launch customer All Nippon Airways.
On the Toronto Stock Exchange, CAE’s shares gained 39 cents, or 3.12 per cent, to $12.90 in midday trading.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports CAE (TSX:CAE) signs simulator deals worth $100M; on track to meet 2012 sales forecast
VANCOUVER, BC (June 21, 2011) Dominion Lending Centres Clearlease Reports CAE (TSX:CAE) is on track to meet its forecast for simulator sales this year after winning contracts worth about $100 million for six full-flight simulators to airline customers in Asia, Europe and North America.
The deals, announced Tuesday June 21, 2011 at the Paris Air Show, are with British Airways, Garuda Indonesia, Skymark Airlines, US Airways and an undisclosed North American airline.
Montreal-based CAE (TSX:CAE) has also signed contracts with various airlines for upgrades and updates of CAE-built simulators.
The contracts bring the total number of flight simulator sales that CAE has announced to date in fiscal year 2012 to seven.
“These airlines come from Asia, Europe and North America, and each one of them has been our customer for many years, some as long as four decades,” said Jeff Roberts, CAE’s president of civil aviation products, training and services.
Michael Willemse of CIBC World Markets said the orders are in line with CAE’s fiscal 2012 guidance of around 29 simulator sales, the same as in fiscal 2011.
CAE, with more than 7,500 employees in 20-plus countries, has long been a world leader in providing simulators and simulation-based training for civil aviation and defence forces.
The company has annual revenues exceeding $1.6 billion.
On Monday, CAE announced two training joint ventures in Asia.
Asia’s largest low-cost carrier, AirAsia, is joining forces with CAE to form the Asian Aviation Centre of Excellence in Kuala Lumpur, Malaysia.
Its new centre will train pilots, cabin crew, maintenance workers and ground personnel for airlines in the Association of Southeast Asian Nations region.
The training centre will initially include six CAE full-flight simulators.
Willemse said the initial impact on revenue and earnings will be “nominal” since the three new simulators from AirAsia will be offset by the establishment of the joint venture.
“Over time, we expect strong revenue growth to be generated from the joint venture as the Asian market developments and the new training services are added,” he wrote in a report. The facilities were previously used only for pilot training.
CAE also announced Monday a joint venture with Mitsui to establish and operate a training centre in Japan for the new Mitsubishi Regional Jet or MRJ.
Last year, CAE announced an agreement with Mitsubishi Aircraft Corp. to develop a comprehensive training solution for the MRJ. The training centre is expected to open in 2013.
The MRJ is set to enter into service in 2014 with launch customer All Nippon Airways.
On the Toronto Stock Exchange, CAE’s shares gained 39 cents, or 3.12 per cent, to $12.90 in midday trading.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk