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.