MONTREAL, Aug. 31 /PRNewswire-FirstCall/ -- (NYSE: CGT; TSX: CAE) - CAE has signed a 10-year agreement with UK-based Virgin Atlantic Airways to provide training for pilots of the carrier's entire fleet of Airbus A340-600 and Boeing 747-400 aircraft. Initially valued at (pnds stlg) 28 million (C$60 million), the contract also includes an option for Airbus A380 training. If all options were to be exercised, the total contract value could amount to (pnds stlg) 43 million (C$92 million) over 10 years. The training, which includes instructional delivery for ground school as well as simulator training, will take place at CAE's Burgess Hill, U.K., training centre. Existing A340-600 and B747-400 simulators will be redeployed from within CAE's global training network to Burgess Hill by summer of 2006 for this purpose. "CAE is proud to have been selected by Virgin Atlantic as its training partner. This is another major milestone for our growing UK Training Operations," said Jeff Roberts, CAE's Group President, Civil Training and Services. "We welcome Virgin Atlantic to the group of carriers to whom we offer training services in our 22 training centres around the world." The Burgess Hill training centre is part of the Airbus-CAE cooperation, which combines CAE's and Airbus's training expertise to provide increased access to training to customers around the globe. Established in 2002, the Airbus-CAE cooperation operates the largest fleet of Airbus full-flight simulators in the world. Virgin Atlantic Airways operates long haul services to 26 destinations world-wide as far apart as Las Vegas and Shanghai. Virgin Atlantic currently has a fleet of 32 aircraft which includes thirteen 747s, nine A340-300s, and ten A340-600s. 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: CAE media contacts: Nathalie Bourque, Vice President, Global Communications, (514) 734-5788, Anne von Finckenstein, Manager, Public Relations, (514) 340-5370, ; Investor relations: Andrew Arnovitz, Director, Investor Relations, (514) 734-5760, ; Virgin Atlantic Airways press office: + (44) 1293 747 373 ; On the Web: http://www.cae.com/

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