Bombardier Aerospace Assumes Complete Structural Development and Manufacturing of Learjet 85 Business Jet

- Learjet terminates development agreement with Grob Aerospace - Confirms commitment to the Learjet 85 program and schedule Bombardier Aerospace today announced it is assuming complete responsibility for the detail design and manufacturing of all primary and secondary structures for the all-new Bombardier Learjet 85 midsize business jet. Learjet has terminated its development agreement with Grob Aerospace AG of Switzerland. "Given the uncertainty surrounding Grob's insolvency, Learjet has decided to terminate its agreement with Grob Aerospace, effective Sept. 17, 2008. Bombardier Aerospace is taking decisive action and this decision reflects our strong commitment to both the Learjet 85 aircraft program and to a growing number of leading business jet customers worldwide who have selected this exciting, all-new midsize business jet," stated Steve Ridolfi, President, Bombardier Business Aircraft. "Development of the Learjet 85 aircraft is now in the final stages of a successful joint definition phase that actively involves our suppliers. Bombardier Aerospace is a leader in civil aircraft development and has successfully intoduced a total of 24 aircraft programs since 1989 - we are excited about the Learjet 85 business jet and look forward to introducing the aircraft into service," added Mr. Ridolfi. The new Learjet 85 business aircraft- redefining the midsize business jet class Designed to provide a larger, more comfortable cabin than any existing midsize aircraft, the Learjet 85 business jet will offer eight passengers a stand-up cabin built to ensure superior productivity and comfort. True to its legendary heritage, the Learjet 85 aircraft is set to deliver the extraordinary performance, superior technology and exceptional value Learjet aircraft owners expect. Powered by Pratt & Whitney Canada PW307B engines, the aircraft engines each boast 6,100 lb. (2,772 kg) of take-off thrust, while the low-emission combuster offers reduced environmental impact. The clean-sheet Learjet 85 aircraft targets a high-speed cruise of Mach 0.82 and a transcontinental range of up to 3,000 nautical miles (5,556 km)(i). The new Learjet 85 aircraft flight deck combines advanced technology with superior design elements for a cockpit environment unlike any other midsize jet. The latest in technological advancements from Rockwell Collins - the new Pro Line Fusion avionics suite - is once again paired with superior design aesthetics to create the ultimate Learjet flight control environment. Learjet is the first name in corporate aviation. Since acquiring Learjet Inc. in 1990, Bombardier Aerospace has carried forward the brand's proud legacy by launching eight high-performance and fuel-efficient aircraft. About Bombardier A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2008, were $17.5 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com. (i) Under certain operating conditions Bombardier and Learjet 85 are trademarks of Bombardier Inc. or its subsidiaries. Contacts: Bombardier Business Aircraft Danielle Boudreau 514-855-8149 www.bombardier.com

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