SHANGHAI, CHINA--(Marketwired - April 17, 2013) - (NYSE:CAE)(TSX:CAE) - CAE today announced at the Asian Business Aviation Conference & Exhibition (ABACE) that it has signed an exclusive training agreement with new customer Pacific-China Aero Technology Ltd. for business aviation training in CAE centers located in Shanghai, China; Dallas and New York, USA; as well as Dubai, UAE.
Training will be conducted on the following platforms: Gulfstream G450, King Air B350, Citation XLS/XL/X, Citation Sovereign, and Citation 650. It will begin in May on the Citation Sovereign at CAE New York.
"We have chosen CAE as our exclusive training provider for our fleet because it covers all our aircraft types and offers the same high-quality training in its centers in China, the UAE and the USA," said Michael Wang, VP of Pacific-China Aero Technology Ltd.
"We are very pleased that Pacific-China Aero Technology, a leading aircraft sales and training solutions provider for the business aviation community, has chosen CAE as its long-term training provider," said Rob Lewis, CAE's Vice President and General Manager, Business Aviation, Helicopter and Maintenance Training. "We welcome the opportunity to train their flight crews to the highest standards of safety."
About Pacific-China Aero Technology Ltd.
Founded in Hong Kong in 1985, Pacific-China Aero Technology Ltd (PCAT) is engaged in aircraft sales, leasing, aviation training and consulting, etc. Large aircraft leased and modified by PCAT are operating in several Chinese airlines, forming a noticeable fleet size. As a sales agent for Gulfstream, Beechcraft and other well-known aircraft manufacturers, PCAT pioneers in and is acclaimed for introducing those brands into China. In addition, its partnership with Rolls-Royce sale-leaseback department is also fruitful. In general aviation sector, PCAT introduced several special mission aircraft types for market promotion and joint venture manufacturing. By far, PCAT has sent a large number of student pilots overseas for training, and hundreds of them are servicing in Chinese airlines now. PCAT is pleased to dedicate its almost 30 years' passion and expertise to service customers including airlines, flight training organizations, government departments and enterprises.
About CAE
CAE is a global leader in modeling, simulation and training for civil aviation and defense. The company employs approximately 8,000 people at more than 100 sites and training locations in approximately 30 countries. CAE offers civil aviation, military, and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crewmembers yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 11 CAE-operated flight schools. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, integrated enterprise solutions, in-service support and crew sourcing. The company applies simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is leveraging its simulation capabilities in new markets such as healthcare and mining. www.cae.com
