CAE signs two new training agreements in the U.S. MONTREAL, April 19 /PRNewswire-FirstCall/ -- (NYSE: CGT; TSX: CAE) - CAE has been awarded contracts to provide flight training to two U.S. customers for a total value of approximately US$14 million (C$17 million) over a five- year period. For the first contract, the Airbus-CAE training cooperation has been chosen by Philadelphia-based USA 3000 Airlines to provide training on Airbus A320 aircraft at a number of different North American locations within the Airbus-CAE worldwide network of training centres. Under the terms of the agreement, the Airbus-CAE cooperation will provide initial training for the A320, including the training curriculum, instructors, classrooms and equipment. The Airbus-CAE cooperation will also provide simulator time for A320 recurrent training. Established in 2002, the Airbus-CAE cooperation operates the largest fleet of Airbus full-flight simulators in the world. For the second contract, CAE SimuFlite has been selected by the Federal Aviation Administration (FAA), Aviation System Standards (AVN), Aviation Training Team (AVN-200), located at the Mike Monroney Aeronautical Center (MMAC) in Oklahoma City, OK to provide initial and recurrent training to more than 150 FAA pilots on a number of different business aircraft, including the King Air 300, the Hawker 800, the Bombardier Challenger 601 and 604, and the Bombardier Learjet 60. Training will take place at the CAE SimuFlite and Bombardier training centres in Dallas, Texas, over a period of five years. "These two new contracts speak volumes about CAE's unique ability to offer a wide range of services to all segments of the aviation market, from commercial airlines to business aircraft operators," said Jeff Roberts, CAE's Group President, Civil Training and Services. "Our training services can be combined at one location or offered across the span of our global network, depending on the client's needs." CAE is a leading provider of simulation and modelling technologies as well as integrated training services for commercial and business aviation, and defence customers worldwide. The company has annual revenues of approximately C$1 billion, with operations and training facilities in 17 countries on five continents. DATASOURCE: CAE INC. CONTACT: Media contacts: Nathalie Bourque, Vice President, Corporate Communications, (514) 734-5788, ; Anne von Finckenstein, Manager, Media Relations, (514) 340-5370, ; Investor relations: Andrew Arnovitz, Director, Investor Relations, (514) 734-5760, ; On the Web: http://www.cae.com/

Copyright