Friday, April 14, 2006

Civil aviation growth in Asia provides CAE with opportunity

A massive upsurge in civil aviation in China and India is opening up big opportunities for Montreal's CAE Inc., the global leader in flight simulators, as Asian airlines struggle to overcome a shortage of pilots.
But CAE's high-tech rivals in the simulation products and training field are quickly adding muscle and preparing to exploit the Asian airlines' urgent need for pilots.
China's airlines alone will need to train nearly 12,000 new pilots by 2010 to keep the aircraft they have ordered in the air and meet international safety standards.
India, with a fast-growing economy and almost as many people as China's 1.3 billion, is following behind and adding pressure to the pilot shortage.
CAE, hit hard by the post 9/11 civil aviation slump and restructured during the past 18 months by CEO Robert Brown, has dominated the Asian commercial simulator and flight training market for 25 years or more.
13/04/06 Robert Gibbens/Montreal Gazette, Canada
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