- Groundbreaking training program to focus on safety and operationalization of 
eVTOL urban air mobility

- Volocopter, urban air mobility pioneer, teams up with CAE, global leader in 
aviation training, to develop an electric vertical takeoff and landing (eVTOL) 
pilot training program in preparation for Volocopter's first eVTOL aircraft 
upcoming entry-into-service

- CAE commits to expanding its international training network to support 
Volocopter's growth and global pilot training with a forecasted investment of 
up to US$40 million

CAE (NYSE: CAE) (TSX: CAE), a global leader in aviation training, and 
Volocopter, the pioneer of urban air mobility (UAM), announced today the 
signing of a strategic partnership, subject to definitive agreement, to 
develop, certify, and deploy an innovative pilot training program for electric 
vertical takeoff and landing (eVTOL) operations. A first in the industry, this 
eVTOL pilot training program will develop the pilot workforce of the future and 
ensure safe introduction of eVTOL operations globally by leveraging CAE's 
advanced technologies such as artificial intelligence (AI), virtual reality 
(VR), mixed reality (MR), as well as data analytics and Volocopter's leading 
understanding of requirements for integration into the UAM ecosystem.

UAM is an emerging part of the aviation industry focused on aerial connectivity 
in and around cities. Volocopter's family of electric aircraft are designed to 
relieve today's heavily fossil-fueled, inner-city traffic for both people 
(VoloCity [https://www.volocopter.com/solutions/volocity/], VoloConnect 
[https://www.volocopter.com/solutions/voloconnect/]) and goods (VoloDrone 
[https://www.volocopter.com/solutions/volodrone/]). The company's first 
commercial eVTOL aircraft, the VoloCity, is well into its certification program 
with the European Union Aviation Safety Agency (EASA) and is positioned to 
launch first services in time for the 2024 Olympics in Paris. Through existing 
agreements and partnerships with global leaders, such as Daimler, Aéroports de 
Paris, Microsoft Azure, and now CAE, Volocopter plans to launch its services in 
a number of cities globally within the next five years. Volocopter is committed 
to seeking certification with the highest global safety standards for aircraft 
and operations. 

CAE commits to expanding its worldwide training network with a forecasted 
investment of up to US$40 million to meet Volocopter's projected pilot demand 
in the early years of operation. CAE will be deploying training equipment and 
instructors in lockstep with Volocopter's growth. As part of the agreement, 
Volocopter will purchase a simulator from CAE to be used in its pilot training 
program certification. CAE will create new, student-centric courseware, 
specifically designed for the pilots of the future as Volocopter's courseware 
provider and will also offer pilot trainees customized resources that enable 
faster, more efficient pilot training.  

"As we scale our UAM services in cities around the world, specific pilot 
training and qualification for our Volocopters will be an important element. We 
are proud to be partnering with CAE, who have a track record in developing 
best-in-class, innovative pilot training solutions for new aircraft programs. 
It will greatly benefit Volocopter's entry-into-service timeline and scale," 
says Florian Reuter, CEO of Volocopter. "We are excited about CAE's endorsement 
and look forward to collaborate as partners focused on combining 
future-oriented technologies to ensure aviation safety." 

"As a high-technology company and the industry leader in pilot training, we 
continuously look at providing solutions that make the world a safer place," 
said Nick Leontidis, CAE's Group President, Civil Aviation Training Solutions. 
"We are committed to supporting Volocopter's inspiring vision and we look 
forward to leading in the design of UAM pilot training that prioritizes safety 
of operations through our data-driven solutions, world-class pilot training 
experience, and longstanding relationships with civil aviation authorities 
across the globe." 

As outlined in CAE's Advanced Air Mobility white paper 
[https://www.cae.com/civil-aviation/evtol-air-mobility-pilot-training] 
published this month, advanced air mobility will create an additional surge in 
the demand for pilots, with an estimated 60,000 pilots needed within the first 
decade of operation. Volocopter and CAE will work closely together to obtain 
regulatory approval for their pilot training program of the future.  

About Volocopter 

Volocopter is building the world's first sustainable and scalable urban air 
mobility business to bring affordable air taxi services to megacities 
worldwide. With the VoloCity, the company is developing the first fully 
electric "eVTOL" aircraft in certification to transport passengers safely and 
quietly within cities. Volocopter leads and cooperates with partners in 
infrastructure, operations, and air traffic management to build the ecosystem 
necessary to "Bring Urban Air Mobility to Life." The Volocopter has raised a 
total of €322 million in equity from investors like Daimler, Geely, DB 
Schenker, BlackRock, and Intel Capital amongst others. www.volocopter.com

About CAE

CAE is a high technology company, at the leading edge of digital immersion, 
providing solutions to make the world a safer place. Backed by a record of more 
than 70 years of industry firsts, we continue to reimagine the customer 
experience and revolutionize training and operational support solutions in 
civil aviation, defence and security, and healthcare. We are the partner of 
choice to customers worldwide who operate in complex, high-stakes and largely 
regulated environments, where successful outcomes are critical. As testament to 
our customers' ongoing needs for our solutions, over 60 percent of CAE's 
revenue is recurring in nature. We have the broadest global presence in our 
industry, with approximately 10,000 employees, 160 sites, and training 
locations in over 35 countries. www.cae.com

Photo - https://mma.prnewswire.com/media/1560040/Volocopter_VoloCity.jpg
Logo - https://mma.prnewswire.com/media/1361665/volocopter_Logo.jpg

Source: Volocopter GmbH and CAE