Extends the two companies' 14-year training relationship

Training will cover five different aircraft manufacturers, including Bombardier, Cessna, Gulfstream, Nextant Aerospace and Embraer

CAE, the worldwide leader in aviation training, has renewed a long-term contract to train Flexjet and Flight Options pilots, the companies announced today at the National Business Aviation Association (NBAA) 2017 Business Aviation Convention & Exhibition. Under the terms of the renewed contract, CAE will provide exclusive pilot training programs for an additional six years, covering multiple business aircraft platforms, including Bombardier, Cessna, Gulfstream, Nextant Aerospace and Embraer.

"CAE has been an outstanding partner over the years, providing high-quality training and delivering a superior customer experience to all of our pilots," said Joe Salata, Senior Vice President of Flight Operations at Flexjet and Flight Options. "Continuing our relationship with CAE was an easy choice. We are confident that our flight crews will continue to experience world-class training."

"It is an honor to support these two companies by providing customized pilot training programs on multiple business aviation aircraft platforms," said Nick Leontidis, CAE's Group President, Civil Aviation Training Solutions. "We are delighted that Flexjet and Flight Options have selected CAE as its training partner of choice once again and we look forward to our continued collaboration long into the future."

Training will continue to be conducted at CAE's training centers in Dallas, Texas, USA and Morristown, New Jersey, USA. CAE has been Flexjet and Flight Options' training partner of choice for more than 14 years.

About Flexjet

Flexjet first entered the fractional jet ownership market in 1995, and celebrated its 22nd anniversary in May 2017. Flexjet offers fractional jet ownership and leasing. Flexjet's fractional aircraft program is the first in the world to be recognized as achieving the Air Charter Safety Foundation's Industry Audit Standard, is the first and only company to be honored with 18 FAA Diamond Awards for Excellence, upholds an ARG/US Platinum Safety Rating and is IS-BAO compliant. Flexjet's fractional program fields an exclusive array of business aircraft-some of the youngest in the fractional jet industry, with an average age of approximately six years-including their LXi Cabin Collection consisting of the Learjet 75LXi, Challenger 350, the Embraer Legacy 450 and 500, Global Express, the Gulfstream G450, G500 and G650, and the Aerion AS2 supersonic business jets. In addition, the overall jet collection includes the Embraer Phenom 300, Bombardier Challenger 300 and 605. Flexjet is a member of the Directional Aviation family of companies. For more details on innovative programs and flexible offerings, visit www.flexjet.com or follow us on Twitter @Flexjet.

About CAE

CAE is a global leader in training for the civil aviation, defense 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 defense force readiness and enhance patient safety. We have the broadest global presence in the industry, with over 8,500 employees, 160 sites and training locations in over 35 countries. Each year, we train more than 120,000 civil and defense crewmembers and thousands of healthcare professionals worldwide. www.cae.com

Follow us on Twitter @CAE_Inc

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General Media
Hélène V. Gagnon
Vice President, Public Affairs and Global Communications
Trade Media
Frédéric Morais
Director, Marketing & Strategy, Civil Aviation Training Solutions
Investor Relations
Andrew Arnovitz
Vice President, Strategy and Investor Relations