CAE signs an exclusive business jet training agreement with Pacific-China Aero Technology for training in China, UAE and USA

CAE (NYSE:CAE)(TSX:CAE) today announced at the Asian Business Aviation Conference & Exhibition (ABACE) that it has signed an exclusive training agreement with new customer Pacific-China Aero Technology Ltd. for business aviation training in CAE centers located in Shanghai, China; Dallas and New York, USA; as well as Dubai, UAE.

Training will be conducted on the following platforms: Gulfstream G450, King Air B350, Citation XLS/XL/X, Citation Sovereign, and Citation 650. It will begin in May on the Citation Sovereign at CAE New York.

"We have chosen CAE as our exclusive training provider for our fleet because it covers all our aircraft types and offers the same high-quality training in its centers in China, the UAE and the USA," said Michael Wang, VP of Pacific-China Aero Technology Ltd.

"We are very pleased that Pacific-China Aero Technology, a leading aircraft sales and training solutions provider for the business aviation community, has chosen CAE as its long-term training provider," said Rob Lewis, CAE's Vice President and General Manager, Business Aviation, Helicopter and Maintenance Training. "We welcome the opportunity to train their flight crews to the highest standards of safety."

Source: CAE
Date: Apr 17, 2013