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Mar 30, 2016

CAE CEO believes in Bombardier's CSeries success

CSeries

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While Bombardier Inc. awaits word from Ottawa on whether Justin Trudeau's Liberals will deliver a bailout, another Quebec-based aerospace giant has high hopes for the CSeries. CAE Inc. (CAE.TO), the provider of flight simulator technology to airlines around the world, stands to benefit if Bombardier manages to wrangle more buyers for its oft-delayed jet program.

“We’re quite proud of having sold a simulator to Bombardier in support of CS100,” said Marc Parent, CAE’s Chief Executive Officer, in an interview with BNN. The company has sold at least three CS100 simulators so far to three different buyers, including Bombardier itself.

“We are actually in a joint venture with Lufthansa to provide all the training for the CSeries aircraft for all the airline customers,” Parent added.

The joint venture, called Flight Training Alliance, was appointed by Bombardier as its exclusive training provider for CSeries jets worldwide.

“Whether it be Bombardier or any original equipment manufacturer, it’s a regulated business so once aircraft are sold, the pilots have got to be able to train on that type of aircraft -- so they buy simulators.” he said. “Every 30 narrow bodies that are sold by any OEM - whether it be Boeing, Airbus or Bombardier - necessitates one simulator in the market.”

Parent wouldn’t reveal whether there is an order backlog in CSeries simulators, but he made it clear CAE is supportive of the jet program, despite its cost overruns and delays.

“We believe in the success of the CSeries, for sure,” he said.