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Montreal – CAE today announced it has sold a new CAE 7000 Series Embraer 190 full-flight simulator to Flight Training Finance (FTF), LLC, a specialized simulator leasing company. In addition, CAE will be providing to FTF a used CAE-built Embraer 145 FFS which is being upgraded.

At list price for the new simulator, the contract is valued at C$20 million and brings the total of new full-flight simulator (FFS) sales that CAE has announced in fiscal 2008 to three.

The CAE 7000 Series EMB190 simulator will feature CAE’s electric motion system and next-generation visual solution, including the new CAE Tropos-6000® visual system and Liquid Crystal on Silicon (LCoS) projectors. The simulator, which will be delivered in Spring 2008, will be used by FTF to provide training for Copa Airlines.

“In pursuit of excellence in flight training equipment, FTF is proud to introduce the new CAE Embraer 190 simulator with electric motion,” said Pedro Sors, President of FTF. “Copa Airlines’ new modern training centre in Panama City will be greatly enhanced with the arrival of this advanced technology device.”

FTF is also acquiring a used CAE-built EMB145 FFS. CAE will upgrade the simulator and deliver it later this year to Aeromexico’s training centre in Mexico City, where FTF will provide the simulator for training Aerolitoral pilots.

“We are pleased FTF has once again selected CAE to provide its high-quality and true-fidelity simulation equipment to support pilot training for FTF’s customers,” said Marc Parent, CAE’s Group President, Simulation Products and Military Training & Services.

Flight Training Finance is a specialized simulator leasing company that was created to assist airlines and operators of flight training equipment in reducing their annual flight training expenses and eliminating the cash needed for equipment purchase. FTF uses the Power-By-the-Hour (“PBH”) leasing concept by offering leases for both new technology and used simulators.

CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. We design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers.

With annual revenues of over C$1 billion, CAE operates in 19 countries around the world. CAE has sold nearly 700 simulators and training devices to airlines, aircraft manufacturers, training centres and defence forces for air and ground purposes in more than 40 countries. We have over 110 full-flight simulators in more than 20 aviation training centres, serving approximately 3,500 airlines, aircraft operators and manufacturers across the globe. CAE licenses its simulation software to various market segments and has a professional services division assisting customers with a wide range of simulation-based needs.