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CAE signs a series of commercial and business aviation training contracts valued at approximately C$85 million

PARIS, FRANCE -- (Marketwired) -- 06/20/17 -- (NYSE:CAE)(TSX:CAE) - CAE announced today at the 2017 Paris Air Show a series of aviation training solution contracts with large fleet operators and airlines worldwide, including Ethiopian Airlines, Air India, and Japan Airlines. These agreements, valued approximately C$85 million, cover airline pilot and cabin crew training, crew resourcing, business aviation pilot training programs, as well as the sale of four full-flight simulators (FFS).

They include:

Airline pilot and cabin crew training as well as business aviation pilot training agreements, demonstrating the recurring nature of CAE's offering

--  Ethiopian Airlines in Africa: a 5-year agreement to market Boeing 737NG,
    757, 767, 777, 787 and Bombardier Q400 pilot training capacity 
--  MHS Aviation in Europe: a new 2-year contract for business aviation
    pilot training 
--  JetSMART in South America: an exclusive 5-year contract for Airbus A320
    pilot training 
--  Exclusive agreements for Airbus A320, A330 and Boeing 737NG pilot
    training to undisclosed airlines in Asia 
--  An exclusive 2-year contract for Airbus A320 pilot and cabin crew
    training as well as crew resourcing to an undisclosed airline in Europe

Innovative training equipment, including update services and the sale of 4 full-flight simulators

--  One ATR72-600 full-flight simulator to Air India in India 
--  One Airbus A350 full-flight simulator to Japan Airlines in Japan 
--  Two full-flight simulators, including one Boeing 747 FFS and one
    business jet FFS, to undisclosed customers in North America

"These contracts come from all regions of the world and highlight the full extent of CAE's aviation training solutions," said Nick Leontidis, CAE's Group President, Civil Aviation Training Solutions. "We are proud that our new and existing customers continue to choose CAE as their partner to support their growing training and crew sourcing needs."

The 4 full-flight simulator sales represent CAE's first four FFS sales for fiscal 2018. The FFSs are at list prices, which include the value of OEM aircraft-specific data, parts and equipment (DP&E). In the case of these contracts, some customers are providing part of the OEM content.

More detail about the contracts is available in the trade media fact sheet following the press release.

About CAE

CAE is a global leader in training for the civil aviation, defence and security, and healthcare markets. Backed by a 70-year record of industry firsts, we continue to help define global training standards with our innovative virtual-to-live training solutions to make flying safer, maintain defence force readiness and enhance patient safety. We have the broadest global presence in the industry, with more than 8,500 employees, 160 sites and training locations in over 35 countries. Each year, we train more than 120,000 civil and defence crewmembers and thousands of healthcare professionals worldwide. www.cae.com

Follow us on Twitter @CAE_Inc

                           Trade Media Fact sheet                           
Ethiopian Airlines: Boeing 737NG, 757, 767, 777, 787 and Bombardier Q400    
pilot training                                                              
CAE and Ethiopian Airlines signed a 5-year agreement where CAE will market  
third-party pilot training capacity in Ethiopian Airlines' training centre  
in Addis Ababa, Ethiopia. The centre is equipped with Boeing 737NG, 757,    
767, 777, 787 and Bombardier Q400 simulators. Ethiopian Airlines and CAE    
share a long-standing relationship that spans over 7 years, with the        
provision of crew resourcing services and the delivery of innovative        
training equipment. Ethiopian Airlines currently operates three CAE-built   
full-flight simulators and has one CAE Airbus A350 full-flight simulator on 
order, which will be ready for training in the first half of 2018.          
MHS Aviation: Business Aviation Pilot Training                              
MHS Aviation selected CAE as its training partner of choice for the         
provision of multiple business aviation pilot training programs, under a    
two-year agreement. The training programs cover multiple platforms including
Bombardier, Gulfstream, Embraer, Dassault and Cessna aircraft types. Pilots 
will train across CAE's global training network, including centres in       
Amsterdam, the Netherlands; Burgess Hill, United Kingdom; Dallas, Texas,    
USA; and Dubai, United Arab Emirates.                                       
JetSMART: Airbus A320 pilot training                                        
JetSMART, the new ultra low-cost carrier (ULCC) Chilean start-up, selected  
CAE as its training partner of choice for the provision of Airbus A320 pilot
training, under an exclusive five-year agreement, to support its growth in  
the South American market. The new airline will launch operations in the    
second half of 2017 and pilots will train at CAE's training centre in       
Santiago, Chile.                                                            
Air India: ATR72-600 full-flight simulator                                  
Air India signed a training equipment contract for the provision of one     
ATR72-600 full-flight simulator. The CAE 7000 Series FFSs equipped with CAE 
Tropos-6000XR innovative visual systems will be delivered to the airline's  
training centre located in Hyderabad, India, and will be ready for training 
in the second half of 2017. CAE and Air India share a relationship that     
spans over two decades. Air India currently operates three CAE-built FFS,   
including two A320 FFS one Boeing 747 FFS.                                  
Japan Airlines: A350 full-flight simulator                                  
Japan Airlines signed a training equipment contract for the provision of one
Airbus A350 full-flight simulator. The CAE 7000XR Series FFS will be        
equipped with the CAE Tropos-6000XR innovative visual system, offering      
unprecedented realism. The FFS will be delivered to Japan Airline's training
facility at Haneda Airport in Japan and will be ready for training in the   
second half of 2018. CAE and Japan Airlines share a relationship that spans 
over three decades with the provision of cadet to captain training, training
equipment and maintenance services. With this order, Japan Airlines has     
purchased a total of 11 full-flight simulators from CAE over the years and  
currently operates and has on order 9 CAE-built FFS.                        

General Media:
Helene V. Gagnon, Vice President,
Public Affairs and Global Communications
[email protected]

Investor relations:
Andrew Arnovitz, Vice President,
Strategy and Investor Relations
[email protected]

Trade Media:
Frederic Morais, Marketing Leader
Civil Aviation Training Solutions
[email protected]

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