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CA



CAE Inc
Symbol CAE
Shares Issued 318,135,978
Close 2023-08-28 C$ 31.78
Market Cap C$ 10,110,361,381
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CAE signs pilot training agreement with Batik Air

2023-08-29 01:55 ET - News Release

Mr. Michel Azar-Hmouda reports

CAE SIGNS 10-YEAR PILOT TRAINING AGREEMENT WITH BATIK AIR

At the Asia Pacific Airline Training Symposium (APATS), CAE Inc. has secured a 10-year pilot training agreement with Batik Air. CAE will deploy and operate an advanced B737 Max full-flight simulator at Batik Air's facility in Kuala Lumpur, ensuring a world-class training experience for the airline's pilots.

In addition, Batik Air will adopt the use of CAE Rise, CAE's data-driven training system, which leverages advanced analytics to deliver more effective training and enhance operational safety.

"We are proud to appoint CAE as our training partner, and we are confident that this partnership with CAE will further enhance our pilot training and standards," said group strategy director of Batik Air and Lion Air Group, Datuk Chandran Rama Muthy. "The CAE B737 Max simulator will enable our pilots to have real-time handling aircraft experience during the training, which in turn will ensure that our pilots possess the skills and assurance to navigate the skies with confidence."

"We are thrilled to enter into this 10-year pilot training agreement with Batik Air," said Michel Azar-Hmouda, CAE's vice-president, commercial aviation training. "With CAE Rise, Batik Air pilots will benefit from an industry-leading solution that will elevate their training experience in the simulator and sharpen their skills in the flight deck."

This milestone agreement solidifies the long-term relationship between CAE and Batik Air, underscoring their unwavering commitment to fostering the development of highly skilled pilots. In its recently released 2023 aviation talent forecast, CAE projected a substantial need for aviation professionals in various sectors. Airlines are projected to require 252,000 pilots, 328,000 maintenance technicians and 599,000 cabin crew members over the next decade.

About CAE Inc.

At CAE, it equips people in critical roles with the expertise and solutions to create a safer world. As a technology company, it digitalizes the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, it empowers pilots, cabin crew, airlines, defence and security forces, and health care practitioners to perform at their best every day and when the stakes are the highest. Around the globe, it is everywhere customers need it to be with more than 13,000 employees in approximately 250 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts -- the highest-fidelity flight, mission and medical simulators, and training programs powered by digital technologies. It embeds sustainability in everything it does. Today and tomorrow, it will make sure its customers are ready for the moments that matter.

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