Purchase of Simulators

Ryanair Holdings PLC
18 July 2002


          Ryanair purchases two Boeing B737-800 Full Flight Simulators

Ryanair, Europe's largest low fares airline today (Thursday, 18th July 2002)
announced the purchase of two Boeing 737-800 Full Flight Simulators (FFS) and
two CAE SimfinityTM B737-800 Flight Management Systems Trainers (FMST). The
total market value of the devices is approximately US $24 million. The agreement
includes an option for a third Boeing 737-800 Full Flight Simulator.

The purchase of these two full flight simulators, in addition to our existing
simulators, will place Ryanair at the leading edge in flight simulator
equipment. They will be installed at Ryanair's training facility in East
Midlands, U.K.

Commenting on the purchase of the new flight simulators, Ryanair's Director of
Finance, Howard Millar, said:

        'The purchase of two more CAE Boeing 737-800 FFSs and two CAE
        SimfinityTM FMSTs is a further commitment to Ryanair's state-of-the-art
        pilot training and flight safety systems. We look forward to working
        with CAE over the coming years to continue to be at the leading edge of
        technology.'

CAE Group President, Civil Simulation and Training, Gary Scott said:

        'Our goal is to be the preferred choice for simulation equipment and
        training solutions in the civil aviation market. We are pleased to
        sustain our relationship with Ryanair.'

Note to Editors:


CAE is a global leader in providing advanced simulation and controls equipment
and integrated training solutions for customers in the civil aviation, military
and marine markets. CAE employs more than 6,000 people in Canada, the United
States and around the globe. With annual revenues in excess of $1 billion, CAE
is the world leader in the sale of civil flight simulators and the second
largest independent civil aviation training provider.


Ryanair is Europe's largest low fares airline with 76 low fares routes across 13
countries. Ryanair has a fleet of 42 Boeing 737's, and firm orders for up to a
further 107 new 737-800's, which will be delivered over the next 8 years.
Ryanair currently employs a team of 1,500 people and will carry over 13 million
scheduled passengers in the current year. www.RYANAIR.COM was launched in
January 2000 and is already Europe's largest travel website.



Ends.                              Thursday, 18th July 2002

For reference:

Ryanair

Enda O Toole

Tel: [phone]



Murray Consultants

Pauline McAlester

Tel: [phone]

CAE

Pascale Alpha

Tel: [phone] ext. 4889


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