CAE SimuFlite’s Scholarship Winners Receive Citation V Type Rating

DALLAS/FT. WORTH INTERNATIONAL AIRPORT, Texas, October 24, 2002 --

Three recent aviation school graduates have received Citation V type ratings after completing training under the CAE SimuFlite scholarship program.

The scholarship recipients are:
· Kevin Buettner, 27, a flight instructor for University of North Dakota, John D. Odegard School of Aerospace Sciences, Grand Forks, N.D.
· Kevin Donahue, 23, a flight instructor and contract pilot, Phoenix, Ariz.
· Kevin Giefer, 24, a flight instructor for Kansas State University, Salina, Kan.

Each successfully completed CAE SimuFlite’s 14-day Citation V Initial training in September. The scholarships were awarded through the University Aviation Association (UAA).

CAE SimuFlite’s scholarship program is designed to promote business aviation to young aviators nationwide. CAE SimuFlite awarded six Citation pilot training scholarships and a Citation maintenance training scholarship this year. This is the program’s 16th year.

CAE SimuFlite, a part of CAE’s Civil Simulation and Training Division, provides advanced training to pilots and maintenance professionals operating piston and turbine-powered aircraft in private, corporate, military and government service.

CAE (NYSE: CGT, TSX: 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. With annual revenues in excess of C$1 billion, CAE employs more than 6,000 people in Canada, the United States and around the globe.

[ PHOTO ]

###