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CAE and Flight Options extend training agreementCAE (NYSE: CGT; TSX: CAE) and Flight Options today announced the two companies have signed a four-year contract extension valued at approximately US$30 million (C$33 million) for CAE to continue as the exclusive provider for all Flight Options pilot training through 2010.
Flight Options, a leading provider of fractional shares in business aircraft and a Raytheon Company , will send all of its pilots for training at CAE SimuFlite's Dallas-Ft. Worth (DFW) training centre.
"CAE SimuFlite provides Flight Options with the unparalleled training services we require to maintain our position as the industry leader in safety," said S. Michael Scheeringa, Chief Executive Officer, Flight Options, LLC. "This new contract is reaffirmation of the outstanding partnership between our two organizations."
At CAE SimuFlite's DFW training centre, the world's largest business aviation training facility, CAE will provide pilot training for Flight Options' entire fleet.
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