MONTREAL, March 8, 2022 /PRNewswire/ - CAE (NYSE: CAE)
(TSX: CAE) announced that it has suspended all services and
training to Russian airlines, aircraft operators and healthcare
distributors, in light of Russia's
invasion of Ukraine.
CAE is saddened by the humanitarian crisis in Ukraine, and in support of its people, CAE has
ceased to offer training services to pilots of Russian airlines as
well as corporate and cargo operators in its training network. The
company has also ceased to sell and service simulators for Russian
airlines as well as healthcare distributors.
To support the humanitarian relief operations for Ukrainian
refugees fleeing war, CAE has donated C$60,000 to the Red Cross. To date, CAE employees
worldwide have donated more than C$65,000 to the Red Cross, for a total of more
than C$125,000 donated by CAE and its
employees. CAE will continue to match employee donations worldwide
until March 31.
CAE employees in Hungary and
Poland are also volunteering their
time to support the Red Cross as well as individually supporting
the needs of Ukrainian refugees.
CAE does not have any facilities in Russia. Prior to the suspension, CAE
serviced simulators sold to Russian airlines with parts and update
services and trained a number of Russian airlines in its global
training centre network.
About CAE
CAE is a high technology company, at
the leading edge of digital immersion, providing solutions to make
the world a safer place. Backed by a record of more than 70 years
of industry firsts, we continue to reimagine the customer
experience and revolutionize training and operational support
solutions in civil aviation, defence and security, and healthcare.
We are the partner of choice to customers worldwide who operate in
complex, high-stakes and largely regulated environments, where
successful outcomes are critical. As testament to our customers'
ongoing needs for our solutions, over 60 percent of CAE's revenue
is recurring in nature. We have the broadest global presence in our
industry, with more than 11,000 employees, 180 sites, and training
locations in over 35 countries. www.cae.com
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SOURCE CAE INC.