T-CAE for PARAGON on Wednesday-Night.com by David T. Nicholson

Friday 15 May 2009 MONTREAL: CAE CUTS 700
The world's biggest aircraft simulator maker, CAE Inc., says it will cut 700 jobs, including 600 at its Montreal facilities, and impose cost-cutting measures on the remaining employees. The reduction amounts to 10 per cent of the company's workforce. Three-hundred-and-eighty workers will be let go in the coming weeks and the others in the fall. CAE hopes thereby to reduce costs by $15 million a year, the costs of the layoffs causing a $34-million restructuring charge in the quarter ending June 30. In addition, most employees will be subject to a wage freeze, overtime will be limited and early-retirement incentives will be offered. CAE attributes the measures to an anticipated downturn in orders for civilian materials, although the company has at the same time unprecedented orders on the military side. The forecast downturn follows a profitable year ending March 31 during which a profit of almost $200 million was recorded.

Friday 01 May 2009 MONTREAL: CAE'S MILITARY BUSINESS GROWS
The world's biggest maker of flight simulators reports that the military side of its business is growing. CAE Inc. says it received $1.09 billion of orders of a military nature in fiscal 2009, a 47-per cent increase over the previous fiscal year. The company's chief operating officer, Marc Parent, attributes the the windfall to the increased use by government's and militaries of "simulation and synthetic training." CAE provides simulators and integrated training for both civil and military aviation. The company employs 7,000 people around the world.

Monday 06 April 2009 . (CAE : TSX : $7.90)
Positive close to FY09
TD Newcrest maintains a "buy", target of $8.50

Friday 03 April 2009 (CAE : TSX : $7.75)
Positive news to close out for F09
TD Newcrest continues "buy", 12-month target price is $8.50

Thursday 02 April 2009 (CAE : TSX : $7.65)
Project Falcon - door to new specialty avionics market
Dundee Securities maintains a "buy", target of $11.30

Wednesday 25 March 2009 (CAE : TSX : $7.25)
Opportunities in simulation training bolstered by Indian JV
Dundee Capital Markets continues "buy", 12-month target price is $11.30

Thursday 12 March 2009 (CAE : TSX : $6.88)
Broadening the portfolio and moving into medical
Scotia Capital maintains a "sector perform", target of $8.75

Wednesday 11 March 2009 MONTREAL: CAE EXPANDS INTO HEALTH CARE
CAE Inc., the world's biggest manufacturer of flight simulators, has announced medical training contracts in Toronto, Montreal and Winnipeg worth $5 million. CEO Robert Brown says the extension of the company's technology developed for civil and military aviation is a natural step. CAE derived 43 per cent of its latest quarterly revenue of $424.6 million from defence training and most of the rest from civil aviation simulation and assorted services. CAE estimates the potential global market for simulation-based health-care training will be $1.5 billion by 2012.

Thursday 19 February 2009 CAE wins $329.5-million federal contract
Company will provide simulators, training for Canadian Forces personnel on new transport aircraft

Wednesday 18 February 2009 CAE wins $329.5-million federal contract
Company will provide simulators, training for Canadian Forces personnel on new transport aircraft

(CAE : TSX : $7.29)
Major military contract confirms growth in sector
Desjardins Securities continues "buy", 12-month target price is $11.50
Dundee Capital Markets "buy", 12-month target price is $11.30
Raymond James continues "outperform", 6-12 month target price is $8.75
Scotia Capital Markets continues "sector outperform", 12-month target price is $6.80

Tuesday 17 February 2009 (CAE : TSX : $7.45)
Earnings growth in challenging times
Dundee Securities maintains a "buy", target of $11.30

Wednesday 11 February 2009 (CAE : TSX : $7.25) Q3/08 earnings preview
Dundee Capital Markets continues "buy", 12-month target price is $11.30

Friday 02 January 2009 CAE charts course through turbulence
CAE Inc. is a truly global company – 90 per cent of revenue comes from exports of technology, software and service
The president and chief executive officer of flight-simulator maker and pilot-training specialist CAE Inc. wants to make sure his message gets through loud and clear in difficult times.

2008

Wednesday 17 December 2008 CAE Inc. (CAE : TSX : $7.17)
Reiterated expectation for 34 sim orders in F09
GMP Securities maintains a "buy", target of $15.00

Tuesday 18 November 2008 CAE Inc. (CAE : TSX : $6.69)
Q3/09: 25% EPS growth and increasing contribution from military
Dundee Capital Markets continues "buy", 12-month target price is $12.10
TD Newcrest continues "buy", 12-month target price is cut to $9.00

(CAE : TSX : $6.65)Weak industry overshadows strong quarter; diversification supports results
Dundee Capital Markets maintains "buy", 12-month target price is $12.10
Paradigm Capital continues "hold", 12-month target price is cut to $8.00
RBC Capital Markets continues "outperform", 12-month target price is cut to $10.00
Scotia Capital Markets maintains "sector perform",12-month target price is $9.25

Friday 14 November 2008 MONTREAL: MILITARY BUSINESS CUSHIONS AVIATION TURMOIL FOR CAE
CAE Inc, the world's biggest manufacturer of flight simulators, says its growing military business will help it cope with the downturn in the civil aviation industry. CEO Robert Brown says the company's balance between civil and military customers as well as between simulation equipment and training services will enable CAE to ride out the international economic storm. Mr. Brown says the company expects its military side to grow by 10 per cent a year for the foreseeable future. CAE earned $48.7 million in the second quarter ending on Sept. 30, compared with $38.9 million a year earlier.

Wednesday 12 November 2008 MONTREAL: CAE WINS MILITARY CONTRACTS
CAE Inc., the world's biggest maker of aircraft simulators, says it has won several military contracts worth $55 million. Among others, CAE received a second-quarter orders to upgrade Chinook helicopter simulators for the British defence ministry and to update Germany's Tornado simulators. Under a third contract, CAE will under a subcontract with Lockheed Martin continue to provide services to the Italian Air Force.

Thursday 09 October 2008 (CAE : TSX : $6.30) Capital market financing for aircraft is closed
GMP Securities maintains "buy", 12-month target price is $17.20
Paradigm Capital maintains "hold", 12-month target price is $10.00

Monday 06 October 2008 (CAE : TSX : $7.57) Survey of flight training industry
RBC Capital Markets maintains "outperform", 12-month target price is slashed to $12.00

Friday 03 October 2008 CAE Inc. (CAE : TSX : $7.84)
Passenger traffic falling faster than airlines can respond
Paradigm Capital maintains a "hold", lowers target to $10.00

Thursday 18 September 2008 (CAE : TSX : $10.16) AIG troubles hurt aircraft backlog
Paradigm Capital maintains a "hold", target of $12.00

Wednesday 03 September 2008 CAE successes mount, but stock stagnates
Analysts call shares of flight simulator maker undervalued; 'valuations present an excellent buying opportunity'

Friday 15 August 2008 CAE Inc. (CAE : TSX : $10.95 | CGT : NYSE : US$10.30)
Diversification enhances predictability
BMO Nesbitt Burns maintains "outperform", 12-month target price is $16.50
Cormark Securities maintains "buy", 12-month target price is $13.75
Desjardins Securities maintains "buy", 12-month target price is $17.00
Dundee Securities maintains "buy", 12-month target price is $16.60
RBC Capital Markets maintains "outperform", 12-month target price increased to $17.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $15.00

Thursday 14 August 2008 MONTREAL: CAE CUSHIONS SELF FROM AIRLINE TURMOIL
CAE, the world's foremost manufacturer of aircraft simulators, says its strategy of protecting itself from uncertainty in the airline industry is being proved successful. The company says it has increased its military activities and also its geographic presence and the business plan has led to a first- quarter profit of $46.1 million, or 18 cents per share, compared with earnings a year ago of $38.7 million, or 15 cents a share. Civil simulator and training accounted for 55 per cent of revenues, and the military the remaining 45 per cent. Revenues were equally split between North America, Europe and emerging markets. CAE also announced a series of new military contracts worth $106 million.

Monday 11 August 2008 CAE Inc. (CAE : TSX : $11.04 | CGT : NYSE : US$10.36)
Awarded contract with Netherlands Ministry of Defense
Dundee Securities maintains "buy", 12-month target price is $16.60

Friday Aug 8, 2008 CAE Consortium wins chopper contract
A military training consortium jointly owned by CAE Inc. and Agusta Westland yesterday announced winning $80 million in NH-90 helicopter training contracts with the Netherlands. Rotorsim, the consortium, will provide the Netherlands Ministry of Defence with one NH90 full-mission flight trainer, in addition to providing maintenance services.

Sunday 27 July 2008 (CAE : TSX : $10.81 | CGT : NYSE : US$10.65)
More deferrals and cancellations coming
Paradigm Capital maintains "hold", 12-month target price is $12.00

Wednesday 23 July 2008 (CAE : TSX : $10.40 | CGT : NYSE : US$10.31)
Airbus and Boeing orders disappoint
Paradigm Capital maintains "hold", 12-month target price is $12.00

Wednesday Jul 16, 2008 CAE orders pour in at air show
Aircraft deliveries and global demand for pilots are flying at record levels and sky-high jet fuel prices are pushing up...

Tuesday 15 July 2008 (CAE : TSX : $10.39 | CGT : NYSE : US$10.36) Aircraft deliveries at risk
Paradigm Capital downgrades to "hold", 12-month target price decreased to $12.00

Tuesday 08 July 2008 CAE Inc. (CAE : TSX : $11.24)
Business mix shifts away from commercial simulator sales
Dundee Securities maintains "buy", 12-month target price is $16.60

Wednesday 11 June 2008 (CAE : TSX : $12.66) Purchased Sabena Flight Academy
Dundee Securities maintains "buy", 12-month target price is $17.75

Wednesday Jun 11, 2008 CAE sees opportunity in Britain
CAE Inc. says a new $24-million contract for two Hawk 128 full-mission jet simulators will help the company make inroads...
Announced yesterday, CAE's deal with Lockheed Martin Corp. could soon double in value if contract options for maintenance and extra support services are approved, the company said.

Tuesday 10 June 2008 MONTREAL: CAE ACQUIRES FLIGHT SCHOOL
CAE, the world's foremost provider of flight simulators, has acquired the Sabena Flight Academy, a pilot training school. The company has a fleet of 40 planes based at its pilot school in Mesa, AR, and operates a training centre with six simulators in Brussels. Sabena has a work force of 135. The value of the acquisition hasn't been disclosed.

Tuesday Jun 10, 2008 CAE buys pilot academy
CAE said yesterday it bought Europe's Sabena Flight Academy for cash consideration, to address the global shortage of pilots. A Belgian newspaper said CAE spent about $62.5 million for the academy. The value of the deal wasn't officially disclosed. Sabena, an independent training centre operating on two continents, specializes in ab-initio training, a system for pilots with no experience. It operates an academy equipped with about 40 aircraft in Mesa, Ariz., and a six-simulator training centre in Brussels, CAE said. With 135 employees, Sabena trains more than 400 pilots per year. "This strategic bolt-on acquisition is ... in support of our CAE Global Academy as it will bring our capacity to train cadets to more than 1,400 a year globally," said Jeff Roberts, president of CAE's innovation and civil training and services group.

Friday 23 May 2008 CAE Inc. (CAE : TSX : $13.19 | CGT : NYSE : US$13.38)
Earnings growth sustainable, balanced commercial and military drivers
Dundee Capital Markets maintains "buy", 12-month target price is raised to US$17.30

Friday 16 May 2008 CAE Inc. (CAE : TSX : $13.25)
Military & civil training to drive 2009, earnings power through, outlook maintained
BMO Capital Markets maintains "outperform", 12-month target price is raised to $16.50
Desjardins Securities reiterates "buy", 12-month target price is $17.00
Dundee Capital Markets continues "buy", 12-month target price is $17.10
GMP Securities continues "buy", 12-month target price is $17.20
Paradigm Capital reiterates "buy", 12-month target price is raised to $19.00
Raymond James downgrades to "market perform", 12-month target price is $13.50
RBC Capital Markets maintains "outperform", 12-month target price is raised to $16.00
Scotia Capital Markets maintains "sector perform", 12-month target price is raised to $15.00
TD Newcrest maintains "buy", 12-month target price is raised to $16.00

Thursday 15 May 2008 CAE Inc. (CAE : TSX : $13.11)
Q4/08 expected to support recent share strength
TD Newcrest maintains "buy", 12-month target price is $15.00

Tuesday 13 May 2008 CAE Inc. (CAE : TSX : $13.23)
Aerospace cycle remains robust, expect solid quarter based on strong booking activity
Desjardins Securities maintains "buy", 12-month target price is $15.75
Dundee Securities maintains "buy", 12-month target price is $17.10

Monday 21 April 2008 CAE Inc. (CAE : TSX : $11.96)
Proposed merger of Delta and Northwest seen as a non-event for CAE
Dundee Securities rates a "buy", 12-month target price is $17.10

Tuesday 15 April 2008 (CAE) - $11.99 - Strong Orders & Outlook
Outperform, Above Average Risk, Price Target: $15.00
Strong fundamentals combined with the possibility of CAE being acquired have driven the share price higher. Record orders for commercial and business aircraft have translated into a highly visible backlog, supporting RBC CM’s outlook for strong F2009 and F2010 results. Last year, CAE raised its guidance for orders from 30 to 34, and finished the year with 37, up from 34 the year before. Significantly, CAE won 3 orders for full flight simulators for the Boeing 787, and numerous orders for rapidly growing airlines in Asia. Military budgets are rising and CAE is well positioned with the US special forces, NATO and the Canadian military. It was reported by the Globe and Mail (April 9/08) that the Canadian government is expected to sign a $600MM contract within the next month for training for the Hercules transport aircraft and Chinook helicopters (est. $250MM to CAE). RBC CM believes this is expected by the market. In March, CAE received military contracts worth over C$80MM from the U.S. Navy, U.S. Army, U.S. Coast Guard as well as international prime contractors. In addition, there is a growing pilot shortage in China and India. CAE has responded by opening new training centres in India and China, and expanding its facility in Dubai. Relocating under-utilized simulators increased capacity utilization in F2008 and RBC CM expects further benefits in the current F2009. In F2008, CAE's civil training segment had an average of 108 RSEU's (active simulators) vs. 99 and expects 10% organic growth in F2009.

Friday Apr 11, 2008 CAE gets Boeing deal
Boeing Inc. has awarded Montreal-based simulator-maker CAE Inc. an initial $11-million contract to design and build a prototype operational flight trainer for the P-8A Poseidon anti-submarine aircraft. The U.S. Navy plans to buy 108 Poseidons to replace its P-3C Orion maritime patrol aircraft. The contract includes options for more simulators, bringing the value to $80 million U.S. over five years.

Friday 11 April 2008 (CAE : TSX : $12.50) Record planes deliveries
Dundee Capital Markets maintains "buy", 12-month target price is $17.10

Wednesday 09 April 2008 (CAE : TSX : $12.90) Order flow strong Dundee Securities rates a "buy", 12-month target price is $17.10

Wednesday 26 March 2008 CAE (CAE : TSX : $11.90), Net Change: -0.03, % Change: -0.25%, Volume: 856,421
Take off, eh? The Financial Post reports that CAE could be a takeover target for Airbus. The paper wrote that Louis Gallois, EADS (the parent company of Airbus) chief executive, said in a memo to staff this month - it was leaked to the media - that one of his primary objectives in 2008 was to "propose two acquisition projects in the field of defence, security or services to the board, at least one of which is in the U.S." CAE has been long rumoured as a takeover target and has attracted some interest from private equity, according to CAE management. Would a CAE/Airbus combo make sense? CAE currently has JV training centres with Airbus around the world and has manufactured many more Airbus simulators than Boeing (BA) simulators, as those have tended to go to a former Boeing company, Alteon.

Tuesday 25 March 2008 Takeover talk is once again swirling around CAE (CAE), the world's largest manufacturer of full-flight simulators, with EADS NV, the parent of European aircraft manufacturer Airbus, shopping around on this side of the pond for an acquisition.

Thursday Mar 20, 2008 Robert Brown, president and chief executive officer of CAE, shows off one of its simulators at the company's Montreal headquarters. Photograph by : CHRISTINNE MUSCHI450 x 309

Robert Brown, president and chief executive officer of CAE, shows off one of its simulators at the company's Montreal headquarters. Photograph by : CHRISTINNE MUSCHI450 x 309

CAE gets jump-start on CSeries
CAE Inc., the world's largest manufacturer of full-flight simulators, says it has already done a lot of the groundwork required...

Tuesday Mar 11, 2008 CAE wins contracts worth $66 million
Montreal simulation giant CAE Inc. said yesterday it has won defence contracts worth $66 million in Singapore and Germany. CAE will design and build Seahawk and Super Puma helicopter simulators for the Singapore Air Force and also provide new cockpits for the aircraft. CAE will also provide a range of on-site maintenance support and logistics services for the German Defence Department's existing flight-simulation equipment. It did not break down the value of each contract.

Friday 29 February 2008 MONTREAL: CAE EXCEEDS PREDICTION FOR SIMULATOR SALES
CAE Inc., the world's biggest maker of flight simulators, says it has received four orders for full flight simulators worth $52 million. Lufthansa Flight Training and Xiamen Airlines of China have bought two of the devices each bringing the total sales for the year ending March 31 to 36. CAE had originally forecast sales of 30 full flight simulators. CAE has provided the majority of simulators in operation in China. Friday Feb 15, 2008 CAE reports 33% jump in earnings
Airbus and Boeing added 2,300 airliners to their combined order book last year, ensuring a smooth flight path ahead for ...

2007

Saturday 22 December 2007 (CAE : TSX : $13.14 | CGT : NYSE : US$13.18)
Announces large NH-90 contract
Dundee Securities maintains "outperform", 12-month target price is $17.10
Raymond James maintains a "outperform", 6-12 month target price is $16.25

Thursday 20 December 2007 MONTREAL: CAE WINS ANOTHER AUSTRALIAN CONTRACT
CAE, the world's biggest manufacturer of aircraft simulators, has won a contract with the Australian military worth $160 million to provide two full flight and mission simulators and services to train Australian helicopter pilots. The pilots will be flying the 46 Eurocopter MRH90 multi-role helicopters which will replace the military's Sea King and Blackhawk helicopters. CAE had already delivered simulators for training on five other Australian military aircraft.

Thursday 20 December 2007 CAE Inc. (CAE : TSX : $13.30)
Orders for 8 FFSs
Paradigm Capital maintains
"buy", 12-month target price is $17.00
Raymond James maintains "outperform", 6-12 month target price is $16.25

Monday 17 December 2007 (CAE : TSX : $12.99 | CGT : NYSE : US$12.79)
Signs two new contracts
Raymond James maintains "outperform", 6-12 month target price is $16.25

Tuesday Dec 11, 2007 450x299
Aerospace takes flight
Dubai Aerospace Enterprise started out in 2006 as a small aviation company with huge plans.

Monday 26 November 2007 CAE Inc. (CAE : TSX : $11.66)
Q2/08 results beat slightly, thanks to FX gains
Canaccord Adams maintains a "sell", target of $9.00

Tuesday 20 November 2007 MONTREAL: CAE WINS AIRASIA CONTRACT
CAE Inc., the world's biggest manufacturer of airline simulators, has announced a $50-million contract to train pilots for AirAsia over 10 years. The Canadian firm says it will train future and current pilots at AirAsia's flight school in Kuala Lumpur. The school is at present equipped with three simulators for the Airbus 320 owned by the airline and a third for the Boeing 737 owned by CAE. CAE is to add another Airbus 320 apparatus and an Airbus 330 within 14 months. Air Asia has a fleet of 62 airliners which serve 80 routes in 10 countries.

Monday 19 November 2007
CAE Inc. (CAE : TSX : $11.90 | CGT : NYSE : US$12.25)
Price weakness provides entry point
BMO Capital Markets maintains "outperform", 12-month target price is $15.00

Friday Nov 9, 2007 a class="t2" href=" file:///K:/diana%20backupD/0www.Wednesday-Night.com/t-cc.asp" onmouseover="return overlib('click to bbc ', LEFT);" onmouseout="return nd();" target="_"> Loonie may clip the wings of CAE flight simulators
The soaring Canadian dollar may be clipping the wings of CAE Inc.'s thriving flight simulator business this year, but it...
Most of CAE's business is in U.S. dollars, so it receives less in Canadian dollars - its reporting currency.
Its full-flight simulators, costing up to $15 million U.S. each, are built in Canada, where labour and other costs are now higher.

Thursday 08 November 2007 (CAE : TSX : $12.07)
Q2 preview
Canaccord Adams maintains "sell", 12-month target price is $9.00

Wednesday 17 October 2007 CAE TAKES EDUCATION SERIOUSLY
To complete his MBA in technology management (CAE covered his tuition fees) he's developed a business plan for a project that a fellow employee suggested; it's in the area of computer simulation but outside CAE's traditional field of pilot training.

Friday 12 October 2007 CAE Inc. (CAE : TSX : $13.37)
Aerospace cycle still has momentum
Desjardins Securities maintains "buy", 12-month target price is $15.75

Friday 28 September 2007 CAE (CAE) - India's Hindustan Aeronautics Limited (HAL) and CAE of Canada Wednesday signed an agreement to set up a joint venture for a helicopter simulator training center in the southern Indian city of Bangalore, the Hindu newspaper reported Friday.

Thursday 27 September 2007 CAE (CAE) announced this morning it has signed contracts to design and manufacture three full-flight simulators and associated CAE Simfinity(R) training devices valued at approximately $50 million at list prices.

Tuesday 14 August 2007 MONTREAL: CAE GETS MORE U.S. DEFENCE WORK
CAE Inc., the Canadian firm that is the world's biggest maker of flight simulators, has announced a contract worth US$66 million with the U.S. Navy. CAE is to supply three more flight trainers and two additional weapons trainers for the MH-60S knighthawk helicopter. CAE USA has now received seven contracts for flight trainers and six weapons tactics contracts for the helicopter. The U.S. Navy plans to acquire more than 500 of the aircraft through 2015.

Thursday 09 August 2007 CAE results rise 19%
Flight simulator firm also sees its revenue rise

Wednesday 20 June 2007 PARIS: CAE EXPANDS IN INDIA
CAE Inc., the world's biggest maker of flight simulators, has announced at the Paris International Air Show that it is expanding its operations in India. The Canadian firm says it will develop together with the Airport Authority of India a National Flying Training Institute which CAE will manage. The two parties will invest US$25 million in the government flight training school, which will train 400 pilots a year. CAE says the operation will complement the training centre which it already runs in the south-central city of Bangalore. India says it now has 2,500 airline pilots but will need 5,000 more over the next five years.

Fri 01/06/2007 rci MONTREAL: CAE THRIVING
CAE, the world's biggest maker of airliner simulators, has reported excellent quarterly and yearly results. The Canadian firm says its fourth-quarter earnings tripled to $34.3 million, on increase of almost 19 per cent in revenue compared with a year previous. For 2006, CAE earned $127.4 million, an improvement of more than 100 per cent on its 2005 earnings. CAE CEO Robert Brown attributes the success to a diversification between products and services across civilian and military markets.

Sunday 03 June 2007 High-flying CAE eyes better days
Good times return for flight simulator maker that went into a slump after

Friday 09 February 2007 RBC CAE Inc. (CAE) - $12.00 – Civil Simulators Soar: Target Increased to $12 from $10
Sector Perform, Above Average Risk – Price Target: $12.00 CAE reported Q3F07 EPS (before unusual items) of $0.13, above the RBC CM estimate of $0.10 and consensus of $0.11. Civil simulation manufacturing had an excellent quarter with revenues of $92MM and an operating profit of $15.5MM for an EBIT margin of 16.8%. This division received 10 orders for full flight simulators to bring orders to 27 for the 9 months. CAE expects 33 Full Flight Simulator orders for F2007. CAE is well positioned to benefit from spending on complex battle training systems. Overall backlog rose 5% Q3/Q2 to $2.7 billion. The book to bill ratio for both civil divisions was 1.2x and 0.6x for military simulation products and 1.3x for military training. CAE is expanding into India with the establishment of its first training centre.
CAE’s share price reflects investors’ enthusiasm for the aerospace sector where airplane orders, especially from Asian airlines, remain robust and the US airline industry moves toward a massive fleet renewal. In 2006 Boeing received 1,044 orders and Airbus 824. Most of these are from outside the US. The cycle may be extended by US airlines placing orders as they emerge from Chapter 11. RBC CM increased its earnings estimates and target price to $12 from $10.

Friday 02 February 2007 globe CAE to open training centre in India
BANGALORE, India — CAE Inc. said Friday it plans to invest $20-million (U.S.) in its first aviation training centre in India and is looking for a partner in the facility.

The centre, near Bangalore International Airport in south-central India, is to open by the end of this year and eventually will train up to 1,000 pilots annually on the Airbus A320 and Boeing 737. It will also train cabin crew and maintenance workers.

Montreal-headquartered CAE said is “evaluating partnership possibilities.”

“Listening to our customers, we realized the strategic importance of opening a training centre in India,” stated Jeff Roberts, president of CAE's civil training group.