CAE wins contracts for four full-flight simulators and for update and relocation services valued at approximately C$55

MONTREAL, QUEBEC, Nov 09 (MARKET WIRE) --
(NYSE: CAE)(TSX: CAE) - CAE has signed contracts valued at approximately
C$55 million at list prices to design and manufacture four full-flight
simulators (FFSs) and related training devices, and to provide simulator
updates and relocations. The FFS contracts are with Malaysia Airlines,
Kenya Airways, Korean Air, and Mount Cook Airlines and bring the total
FFS sales that CAE announced in fiscal year 2010 to 10.

"The civil aerospace market continues to be challenging; however, CAE's
diversified portfolio allows us to offer airlines a range of aviation
training solutions tailored to our airline customers' requirements," said
Jeff Roberts, CAE's Group President, Civil Simulation Products, Training,
and Services. "We are delighted that new customers Malaysia Airlines,
Kenya Airways, and Mount Cook Airlines have placed their trust and
confidence in CAE for their full-flight simulator needs. We are also
pleased that Korean Air, a long-time customer, has chosen CAE for its
business aviation FFS."

Malaysia Airlines

CAE has sold a CAE 7000 Series Boeing 737-800 Level D FFS and a CAE
Simfinity Boeing 737-800 Integrated Procedures Trainer (IPT) to Malaysian
Airlines System (MAS). This will be CAE's first B737-800 FFS and IPT for
Malaysia Airlines. They will be delivered to the Malaysia Airlines
training centre in Kuala Lumpur and are expected to be ready-for-training
toward the end of 2010.

"CAE's Series 7000 simulator design and its proven reliability were among
the factors in our decision making," said Malaysia Airlines Operations
Director, Capt. Mohamed Azharuddin Osman. "This is a prelude to us taking
delivery of our B737-800 planes in 2010. We have ordered 35 aircraft with
an option for another 20."

Kenya Airways

CAE has sold a CAE 5000 Series Boeing 737NG FFS and related training
devices to Kenya Airways. This marks the first time that CAE has sold
simulation equipment to Kenya Airways, which is building a new training
centre in Nairobi to house the simulator. The FFS, along with CAE
Simfinity(TM) virtual maintenance trainers (VMTs), will be delivered in
mid-2010. In addition, CAE will assist Kenya Airways with developing the
new training centre and their B737NG pilot training program.

"The simulator will greatly increase our capacity and self-reliance in
the training of our pilots," said Titus Naikuni, Chief Executive Officer
of Kenya Airways. "The simulator will reduce our training costs because
we will no longer have to send our pilots abroad for this purpose. It
will also position us as a training centre for other airlines in the
region, presenting Kenya Airways the opportunity to make some revenue to
repay faster for the investment we have put in."

Korean Air

CAE has sold a CAE 5000 Series Citation CJ1+ FFS to Korean Air, South
Korea's largest airline. The new FFS will be delivered to Korean Air's
pilot training centre on Jeju Island in the second half of 2010. The
simulator will feature CAE's next-generation visual solution, including
CAE Tropos-6000(TM) image generator and liquid crystal on silicon (LCoS)
projectors. Korean Air uses Cessna Citation CJ1+ aircraft for advanced
pilot training and will use the new simulator to further enhance its
pilot training program.

Mount Cook Airlines

CAE has sold a CAE 7000 Series ATR 72-500 FFS to Mount Cook Airlines, a
wholly owned subsidiary of Air New Zealand. The simulator will be
delivered to Auckland in the first half of 2010. The simulator will
incorporate a full six-degree-of-freedom CAE True(TM) electric motion
system and a CAE Tropos-6000 visual system with LCoS projectors. The FFS
is expected to be qualified to applicable Level D flight simulation
training device standards by the Civil Aviation Authority of New Zealand
and other national aviation authorities.

Update and Relocation Services

CAE has signed a contract with Aer Lingus, Ireland's national airline, to
perform a major update to a CAE-built Airbus A320 FFS. The update will
include upgrading the cockpit to reflect the current Airbus Standard as
well as upgrading the hydraulic motion system with the CAE True electric
motion system. CAE will also update the visual system with the CAE
Tropos-6000 image generator and LCoS projectors. The updated simulator
will be ready for training in mid-2010.

CAE has signed a contract with the Finnair Flight Training Center to
perform a major update to its CAE-built Airbus A330/340 FFS. The
simulator, originally built in 1992 by CAE for ZFB Berlin, was acquired
by Finnair earlier this year and relocated by CAE to the Finnair Flight
Training Center in Helsinki. CAE has just completed the GE engine update
on this simulator. The simulator is presently being used in training and
the next major update is scheduled for completion by mid-2010. CAE will
also upgrade the cockpit to reflect the current Airbus Standard 2.3 for
A330/340 aircraft.

CAE will relocate nine FFSs and flight training devices (FTDs) for China
Airlines-the national carrier of the Republic of China (Taiwan)-and the
China Aviation Development Foundation (CADF). The equipment will be moved
from Taipei Songshan Airport to a new consolidated training centre at
Taoyuan International Airport, China Airlines' base of operations in
northern Taiwan.

All of the FFSs and FTDs were originally built by CAE. The six
full-flight simulators include a Boeing 747-400, 747-400F, Airbus 330/340
and 330-200 owned by China Airlines plus Boeing 737-800 and Airbus
300-600R FFSs owned by CADF. The three flight training devices are Boeing
737-800 and 747-400 FTDs for CADF, and an Airbus 330/340 for China
Airlines.

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$1.6
billion, CAE employs more than 6,500 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 29 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. www.cae.com

Contacts:
CAE contacts:
Nathalie Bourque
Vice President, Public Affairs and Global Communications
514-734-5788
nathalie.bourque@cae.com

Trade media:
Chris Stellwag
Director, Marketing Communications, Military and Civil
813-887-1242
chris.stellwag@cae.com

Investor relations:
Andrew Arnovitz
Vice President, Investor Relations and Strategy
514-734-5760
andrew.arnovitz@cae.com

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