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Scotiabank supports BCIT's new Aerospace Technology Campus and students with gift of $125,000

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June 27, 2006

Source: British Columbia Institute of Technology:
http://www.bcit.ca/news/releases/newsrelease062706832.shtml

Scotiabank supports BCIT's new Aerospace Technology Campus and students with gift of $125,000

BURNABY, BC: BCIT students will benefit from the opening of the new Aerospace Technology Campus, an elite facility currently under construction on 12.2 acres at the gateway to Vancouver International Airport (YVR), thanks in part to a $125,000 donation from Scotiabank.

"At Scotiabank, we support a wide range of educational initiatives, including the expansion of academic facilities, innovative learning programs and leading research – all of which come together in BCIT’s new Aerospace Technology Campus," says David Poole, senior vice-president of Scotiabank’s BC & Yukon Region. "We are committed to backing projects like this one because we recognize the need to strengthen the quality of education available to Canadian students and the potential to help make a lasting, positive impact for future generations."

The $65 million campus builds on BCIT’s recognized leadership in maintenance, repair and overhaul training. The added funding from Scotiabank will help create an educational environment of leading-edge training resources for students and expand BCIT’s research capabilities in the aerospace field.

"This gift reflects the deep commitment by Scotiabank to make a difference to our students, and to support their educational goals effectively," says Rob MacGregor, acting dean of BCIT’s School of Transportation. "This generosity will provide advanced resources at the new campus as well as help students access this level of education."

BCIT graduates are employed at companies including Calgary-based WestJet, Cascade Aerospace of Abbotsford, Okanagan-based Kelowna Flightcraft, Avcorp Industries in Delta, Vancouver International Airport and Helijet International based in Vancouver.

BCIT’s new ATC will address lengthy enrolment waitlist demands. It will provide global access for collaboration with industry partners in the development of applied research and specific "type certified" training requirements. Over the last 40 years, BCIT has furnished the aerospace industry with more than 5,000 aviation graduates. Through its innovative new Aerospace Technology Campus, BCIT looks forward to continuing this tradition – as Canada’s premier polytechnic.

Scotiabank is committed to supporting the communities in which its employees and customers live and work, both in Canada and abroad. Recognized as a leader internationally and among Canadian corporations for its charitable donations and philanthropic activities, in 2005, the Bank provided more than $40 million in sponsorships and donations to a variety of projects and initiatives, primarily in the areas of healthcare, education and social services. Scotiabank is on the World Wide Web at www.scotiabank.com.

-30-

For further information, media can call:

Allison Markin
Media Relations Manager, BCIT
Tel. 604.432.8773
Cell 604.836.6700
allison_markin@bcit.ca

Deborah Spence
Scotiabank Public Affairs
Tel. 403.254.6830
Cell 403.612.3317
deborah.spence@scotiabank.com


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