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BRIEF-CAE Inc Expects To Deliver About 35 To 40 Simulators This Year - Conf Call

Published 2020-08-12, 02:57 p/m
© Reuters.
CAE
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Aug 12 (Reuters) - CAE Inc CAE.TO :

* CAE INC EXEC SAYS BUSINESS AVIATION DEMAND IS DRIVEN LARGELY FROM ADDRESSING THE REGULATED TRAINING NEEDS OF THE ALREADY ACTIVE GLOBAL BUSINESS AIRCRAFT FLEET- CONF CALL

* CAE INC CEO - "THE ACCELERATION OF NEW COVID- CASES IN THE UNITED STATES HAS IMPACTED OUR ABILITY TO DELIVER TRAINING SERVICES FROM CERTAIN OF OUR SITES"

* CAE INC CEO SAYS ACTIVITY AT CO'S TRAINING CENTER IN FLORIDA ON C-130 J, WHERE CO TRAINS PRIMARILY FOREIGN CUSTOMERS, IS HARDER HIT NOW THAN IT WAS IN MARCH, APRIL

* CAE INC EXEC SAYS CO IS IN ADVANCED DISCUSSIONS WITH AIRLINE CUSTOMERS ABOUT POTENTIAL OUTSOURCING OPPORTUNITIES; SAYS CAN DEFINITELY SECURE SOME OPPORTUNITIES IN 2020

* CAE INC EXEC SAYS EXPECTS TO DELIVER ABOUT 35 TO 40 SIMULATORS THIS YEAR; DELIVERIES GEARED TOWARDS THE BACK HALF OF THE YEAR Further company coverage: CAE.TO

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