CAE closes a QTE deal on five flight simulators

Toronto-based CAE closed a qualified technological equipment deal for five flight simulators in October. The transaction was worth around $70 million and is to last around 20 years. This latest deal marks the completion of CAE's plan to lease around one-third of their installed base of flight s...

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Bibliographic Details
Published in:Asset Finance International 2003-11, p.1
Format: Article
Language:English
Subjects:
Aircraft
Aviation
Equipment acquisition planning
Financing
Flight simulation
Flight training
Leasebacks
Training
Online Access:Get full text
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Summary:Toronto-based CAE closed a qualified technological equipment deal for five flight simulators in October. The transaction was worth around $70 million and is to last around 20 years. This latest deal marks the completion of CAE's plan to lease around one-third of their installed base of flight simulators, worth approximately $79 million in total.
ISSN:1367-8086