Paul Chiasson
Flight training and technology firm CAE Inc. announced Tuesday it has sold two flight simulators to a Chinese client under a contract worth about $35-million.
Montreal-based CAE said it sold two ARJ21 flight simulators to COMAC Shanghai Aircraft Customer Service Co. to meet the demands of the region's latest jet.
"We are building the ARJ21 to be the finest regional aircraft in the world, so we want the aircraft's pilots to train using the best simulators in the world," Xu Qinghong, Shanghai Aircraft's president, said in a statement.
The ARJ21 aircraft is the first passenger jet developed entirely in China and is scheduled to take to the skies in 2011.
CAE simulators and accompanying brief-debrief stations, will be delivered to COMAC facilities in Shanghai.
CAE shares closed at $8.69 Monday on the Toronto Stock Exchange.