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CAE Wins Ten Year Training Deal (Nov. 20)

TORONTO---CAE today announced that it has reached a ten-year agreement to provide aviation training services to Air Canada Regional, one of the largest regional airlines in the world.

Two Bombardier Dash 8-100/300 full flight simulators will be built by CAE to provide training to Air Canada Regional pilots. One of them will be installed in CAE's new aviation training centre in Toronto, scheduled to open in December 2001. The other simulator is planned to be located in Western Canada. Both simulators will be ready for training in early 2003 and excess simulator capacity will be offered to third-party airlines.

CAE is bringing the same unmatched quality, technology and service currently used in its wide-bodied jet full flight simulators to the Bombardier Dash 8 regional airline training market. The state-of-the-art simulators will be fitted with CAE Maxvue visual systems.

Air Canada Regional Inc. is wholly owned by Air Canada and includes Air Nova, Air Ontario, Canadian Regional Airlines and Air BC. Air Canada Regional operates more than 700 flights a day and employs 1500 pilots.

"CAE welcomes Air Canada Regional as a new and important customer to our Toronto aviation training centre," said Bob van Balen, Executive Vice- President, Aviation Training, Commercial Simulation and Training Division, CAE. "This agreement is another example of CAE's commitment to offer aviation training services to airlines world-wide, including regional carriers."

"To ensure Air Canada Regional's dedication to passenger safety, we are committed to providing highly sophisticated training means for our crew," said Captain Grant Warner, Vice-President, Flight Operations, Air Canada Regional. "We look forward to a long and mutually beneficial business relationship that will bring significant long-term cost savings to Air Canada Regional."

CAE is the world's premier provider of simulation and control technologies for training and optimization solutions in Aerospace, Defence and Forestry. Headquartered in Canada and operating globally, the company employs more than 7,000 people and has revenues in excess of C$1 billion.


CAE Announces Long-Term Training Agreement With Air Canada Regional