CAE sells simulation equipment to Flight Training Finance, LLC for a total value of C$20 million



    MONTREAL, April 23 /CNW Telbec/ - (NYSE:   CGT; TSX: CAE) - 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 (R) 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.




For further information:

For further information: CAE: Nathalie Bourque, Vice President, Global
Communications, (514) 734-5788, nathalie.bourque@cae.com; Trade media: Chris
Stellwag, Director, Marketing Communications, Simulation Products and Military
Training & Services, (813) 887-1242, chris.stellwag@cae.com; Investor
relations: Andrew Arnovitz, Director, Investor Relations, (514) 734-5760,
andrew.arnovitz@cae.com; On the Web: www.cae.com; www.ftfsim.com

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