CAE awarded long-term commercial training and services contracts valued at approximately $245 million

MONTREAL, CANADA—(Marketwire – March 12, 2013) – (NYSE:CAE)(TSX:CAE) – CAE today announced it has concluded a series of long-term commercial training and services contracts adding to its fourth quarter order intake and valued at approximately C$245 million. They span four continents and include a 10-year training provider contract for LAN and TAM Airlines, a contract to supply both ab-initio and type-rating training for new Turkish Airlines pilots, a crew sourcing and services contract with GE Capital Aviation Services, a Long Term Service Agreement with JetBlue Airways for simulator upgrades and a four-year pilot supply agreement with Ryanair.

“These contracts are a testament to CAE’s unique ability to offer end-to-end solutions to our airline customers, from ab-initio training to type-rating through to pilot sourcing, and long-term service agreements following the sale of simulators,” said Jeff Roberts, CAE Group President, Civil Simulation Products, Training and Services. “We will continue to leverage the capabilities of our recently acquired Oxford Aviation Academy and Parc Aviation and our commercial training network in our commitment to being the partner of choice for airlines on every continent.”