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Monday 09 June, 2008

CAE Inc.

CAE acquires Sabena Flight Academy to address g...

- Expands its ab-initio training capability

- Adds new type-rating training programs to European portfolio

MONTREAL, QUEBEC--(Marketwire - June 09, 2008) - (TSX: CAE)(NYSE:
CGT) - CAE has acquired Sabena Flight Academy for cash consideration
in order to expand its ab-initio training capability and CAE Global
Academy and to add new type-rating training programs in Europe.

Sabena Flight Academy (SFA) specializes in ab-initio pilot training
as well as type-rating training for airlines. It operates an
ab-initio flight academy equipped with approximately 40 aircraft in
Mesa, Arizona, USA, and a six-simulator training centre in Brussels,
Belgium. Sabena Flight Academy is a JAA- and JAR-approved Flight
Training Organization (FTO) with 135 employees and more than 50 years
of experience in professional pilot training.

"This strategic bolt-on acquisition is another step towards
developing our training network in order to better address the global
pilot shortage. It is also in support of our CAE Global Academy as it
will bring our capacity to train cadets to more than 1,400 a year
globally. The acquisition will also enhance CAE's ability to deliver
type-rating training in Europe as it adds new training programs and
an extensive range of new customers to our network," says Jeff
Roberts, CAE's Group President, Innovation and Civil Training and

"Sabena Flight Academy is a first-class operation with a solid
management team and a proven track-record of profitability and
customer service. Its Brussels training centre and the mix of its
simulator fleet complement well our existing training network and our
Brussels training centre," Jeff Roberts added. "It is a pleasure to
welcome the leaders of SFA Jacques Waldeyer and Kris Van den Bergh to
the CAE team. Jacques will lead all of our Brussels operations and
Kris the flight training organization in Arizona and contribute to
the leadership of our global ab-initio training operations."

About Sabena Flight Academy

Sabena Flight Academy (SFA) is one of Europe's oldest and most
respected pilot training organizations. After providing Sabena
Airlines with world class pilots for more than 60 years SFA has
become an independent training centre operating on two continents and
training more than 400 cadet pilots per year. SFA offers cadet
training, advanced training, medical services and aviation
consulting. These services are customer-oriented for airlines and
self-sponsored pilot candidates. The Brussels-based simulator centre
currently operates AVRO RJ85/100, Airbus 320, 330, 340 and Boeing 737
and 737NG full-flight simulators. The Arizona, USA-based flight
academy currently operates a fleet of approximately 40 state-of
the-art aircraft including a VLJ Eclipse.

About CAE

CAE is a world leader in providing simulation and modelling
technologies and integrated training solutions for the civil aviation
industry and defence forces around the globe. With annual revenues
exceeding C$1.4 billion, CAE employs more than 6,000 people at more
than 75 sites and training locations in 20 countries. We have the
largest installed base of civil and military full-flight simulators
and training devices. Through our global network of 27 civil aviation
and military training centres, we train more than 75,000 crewmembers
yearly. We also offer modelling and simulation software to various
market segments and, through CAE's professional services division, we
assist customers with a wide range of simulation-based needs.


- Founded in 1953 as the internal flight division of Sabena Airlines

- 1 training facility in Brussels, Belgium, equipped with six
full-flight simulators : AVRO RJ85/100, B737 300/400/500, B737NG,
B737-200, A330/340, A320

- 1 flight ab-initio flight academy in Arizona, U.S. equipped with 40
airplanes, including Pipers, Diamonds, Cessna, Eclipse

- Employees: 135

CAE Inc.
Nathalie Bourque, Vice President
Public Affairs and Global Communications
[email protected]

CAE Inc.
Andrew Arnovitz, Vice President
Investor Relations and Strategy
[email protected]


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