Press Release

Issued by International Jet Management.

December 7, 2014

CAE, a world leader in aviation training, today announced on the eve of the Middle East Business Aviation event it has signed business aviation training contracts with aircraft operators across Europe. The agreements include a three-year exclusive agreement with Elit'Avia and a four-year exclusive agreement with International Jet Management on 14 different aircraft types. Elit'Avia and International Jet Management are new customers to CAE.

"CAE's flexibility of scheduling was very appealing to us," said Robert Schmolzer, managing director, International Jet Management. "We look forward to a long relationship highlighted by safe operations."

"We were looking for a training provider who could grow with us", said Michel Coulomb, president & ceo, Elit'Avia. "CAE's strong international presence and convenient locations close to our bases across Europe will make an excellent partner for our training needs."

"We are proud to be selected as the training partner of choice for Elit'Avia and International Jet Management," said Nick Leontidis, CAE group president, civil simulation and training. "Our extensive global network of training centers offers our customers the flexibity they need while providing them with high quality training and customer service."

Training on 14 aircraft types including models for Bombardier, Dassault, and Gulfstream will be conducted in CAE training centers in Dubai, UAE; London, United Kingdom and Amsterdam, Netherlands.