Flying High: CAE And Batik Air Ink 10-Year Deal For Pilot Training
Portfolio Pulse from Lekha Gupta
CAE Inc has signed a 10-year pilot training agreement with Malaysian airline Batik Air. The deal includes the deployment of a B737 MAX full-flight simulator at Batik Air's facility and the adoption of CAE's data-driven training system, CAE Rise. The financial terms of the deal were not disclosed. CAE recently reported Q1 FY24 sales growth of 13% YoY to $784.91 million, beating the consensus of $762.48 million.
August 29, 2023 | 9:44 am
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CAE's new 10-year deal with Batik Air could potentially boost its revenues and strengthen its market position. The company's recent Q1 FY24 results, which exceeded expectations, may also positively impact its stock.
The new deal with Batik Air is a significant development for CAE, potentially leading to increased revenues and a stronger market position. Additionally, the company's recent Q1 FY24 results, which exceeded consensus estimates, may boost investor confidence and positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100