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CAE Opens New Training Center In Toronto (Dec. 14)

TORONTO--- CAE today inaugurated its Toronto Aviation Training Center near Pearson International Airport and announced an agreement with Air Canada to train its Boeing 747-400 pilots at the new facility and to provide additional training capacity on the Airbus A330/340 and A320.

"CAE has long been the world's leading supplier of flight simulators," said CAE's President and Chief Executive Officer, Derek H. Burney, at the center's inauguration. "This state-of-the-art facility -- the sixth in CAE's global network but our first here at home -- is tangible evidence that CAE is determined to move beyond simulation to become a leading provider of aviation training."

The only independent training center for large aircraft in Canada begins operations with three full flight simulators: an Airbus A330/340, an Airbus A320 and a Boeing 747-400. A fourth simulator for the Bombardier Dash 8- 100/300 will be installed in early 2003. The Center offers modern classrooms and briefing rooms as well as leading-edge concepts in courseware, featuring the PC-based CAE Simfinity training concept. Approximately 25 managerial, administrative and technical support staff will be employed permanently at the aviation center.

Four Canadian airlines will be the anchor tenants in the new facility: Air Canada Regional, Skyservice, Air Transat and Air Canada, which has been purchasing CAE simulators since 1968. In addition to Canadian airlines, the Toronto Center will meet the training needs of U.S.-based airlines on Airbus and Boeing simulators.

CAE is the world's premier provider of simulation and control technologies for training and optimization solutions in Aerospace, Defense 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 Opens state-of-the-art Aviation Training Center In Toronto