CAE selected as a preferred training supplier for easyJet in long-term contract valued at C$60 million

MONTREAL, CANADA--(Marketwire - Aug. 7, 2012) - (NYSE:CAE)(TSX:CAE) - CAE today announced that it has been selected as a preferred training supplier by easyJet. easyJet also extended its long-term pilot training services agreement with CAE in a contract valued at more than C$60 million. The pilot training solution leverages facilities from CAE's recent acquisition of Oxford Aviation Academy. CAE also provides crew sourcing services to easyJet.

"We have been thoroughly satisfied with the quality of training delivered by both CAE and Oxford Aviation Academy, and we are pleased to be the first to leverage the combined resources of these industry-leading organizations, said Warwick Brady, easyJet Chief Operations Officer. "This expanded program will help us keep pace with the continued growth of easyJet's fleet and routes by providing a steady supply of high-quality pilots."

"CAE is honored to be named as an easyJet preferred training supplier," said Jeff Roberts, CAE's Group President, Civil Simulation Products, Training and Services. "Our programmes for training cadets and experienced pilots for easyJet, as well as CAE Parc Aviation crew sourcing, demonstrate the comprehensive portfolio of training services CAE offers to commercial aircraft operators."

CAE has been delivering simulator provision and training for easyJet pilots since 2004. CAE Oxford Aviation Academy is also conducting a competency-based Multi-crew Pilot License (MPL) First Officer programme in conjunction with easyJet with all training phases in the UK. The first cadet class will graduate at the start of 2013, two others are in progress, and a fourth will begin by August this year.

CAE Parc Aviation supports easyJet in the provision of experienced A320 First Officers on flexible crewing assignments.

About easyJet

easyJet operates Europe's No. 1 air transport network with a leading presence on Europe's top 100 routes and at Europe's 50 largest airports. easyJet flies on more than 600 routes between over 130 airports in over 30 countries. More than 300 million Europeans live within one hour's drive of an easyJet airport, more than any other airline. The airline takes sustainability seriously. easyJet invests in the latest technology, operates efficiently and fills most of its seats which means that an easyJet passenger's carbon footprint is 22 per cent less than a passenger on a traditional airline, flying the same aircraft on the same route.

About CAE

CAE is a global leader in modelling, simulation and training for civil aviation and defence. The company employs approximately 8,000 people at more than 100 sites and training locations in approximately 30 countries. CAE offers civil aviation, military, and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crewmembers yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 12 CAE-operated flight schools. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, professional services, in-service support and crew sourcing. The company applies simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is leveraging its simulation capabilities in new markets such as healthcare and mining. www.cae.com