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CAE signs an exclusive 5-year commercial aviation training agreement with new low-cost carrier Air Seoul

posted on Aug 30, 2016

SINGAPORE, SINGAPORE--(Marketwired - Aug. 30, 2016) - (NYSE:CAE)(TSX:CAE) - CAE announced today at the 2016 Asia Pacific Airline Training Symposium that it has signed an exclusive 5-year commercial aviation training contract with Air Seoul, supporting the new South Korean low-cost carrier's Airbus A320 training needs in the region. Pilots began training on August 1, 2016 at the CAE Korea Training Centre.

"We are excited to start our new operations and thrilled about our training services agreement with CAE which allows us to provide world-class training to our crew" said Captain Kim Wung, Vice President of Operations, Air Seoul. "As the global training leader, we are confident that CAE will be at the forefront of our training needs as we grow our airline in the region".

"It is always a privilege to support start-up airlines with their new training needs and we are honored that Air Seoul has selected CAE as its training partner of choice," said Nick Leontidis, CAE's Group President, Civil Aviation Training Solutions." We are pleased to welcome the new low-cost carrier as our customer, further expanding our longstanding relationship with its parent company Asiana Airlines."

Air Seoul, a subsidiary of Asiana Airlines, officially launched its operations in the summer of 2016.

About CAE

CAE is a global leader in training for the civil aviation, defence and security, and healthcare markets. Backed by a 70-year record of industry firsts, we continue to help define global training standards with our innovative virtual-to-live training solutions to make flying safer, maintain defence force readiness and enhance patient safety. We have the broadest global presence in the industry, with 8,000 employees, 160 sites and training locations in over 35 countries. Each year, we train more than 120,000 civil and defence crewmembers and thousands of healthcare professionals worldwide.

*Source: CAE



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