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CAE Starts To Build Denver Center (Nov. 22)



TORONTO---CAE today announced that construction crews have begun work on CAE's aviation training centre in Denver. The state-of-the-art aviation training centre is scheduled to open in early summer 2002 and will be owned and operated by CAE.

The facility will be launched as a six-bay centre and will be located on a four-acre site on Airport Way in Gateway Park, approximately nine miles south of Denver International Airport. Its anchor tenants will be Air Wisconsin and Frontier Airlines. Frontier pilots are expected to begin training on an Airbus A320 full flight simulator in June 2002, and Air Wisconsin pilots will start training on Bombardier CRJ 200/700 simulators in August 2002.

CAE's aviation training centre will offer modern classrooms and briefing rooms as well as leading-edge concepts in courseware featuring the CAE Simfinity training concept. The six-bay facility will be able to accommodate additional simulators for increased training options to its anchor tenants and to other airlines in the region.

"We are proud to begin construction of our Denver aviation training centre," said Bob van Balen, CAE's Executive Vice President, Aviation Training, Commercial Simulation and Training. "We remain confident that the demand for high quality flight crew training will continue to grow as the airline industry makes its inevitable recovery."

Denver Mayor Wellington E. Webb sees the groundbreaking as another positive sign of Denver's economic strength. "The Denver International Airport corridor is becoming the economic generator that we knew it was going to be.

The future of the Denver International Airport corridor as a practical and attractive choice for aviation companies is obvious," said Mayor Webb. "We are pleased to see another world-class company celebrating their groundbreaking in Denver."

Approximately 25 managerial, administrative and technical support staff will be employed permanently at the aviation centre. With the start-up of the Denver aviation training centre, CAE will have a global network of nine aviation training centres in eight countries around the world.

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.

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CAE Starts Construction Of Its Denver Aviation Training Centre