Audited Financial Results of Bombardier Inc. for the Year and the Three Months Ended January 31, 1997.

MONTREAL--(BUSINESS WIRE)--April 22, 1997--BOMBARDIER(ME, TSE BBD.A., ME, TSE BBD.B.) For the year ended January 31, 1997, consolidated revenues for Bombardier Inc. amounted to $8.0 billion, compared with $7.1 billion at January 31, 1996. Net income reached $406.2 million, or $1.18 per share, as against net income, before write-down of the investment in share units of Eurotunnel, of $313.0 million, or $0.92 per share, for the preceding year. This write- down reduced net income for last year to $158.0 million, or $0.45 per share. -0-

The highlights are as follows:
                                    Year ended January 31,
                                          1997       1996
                                    _____________________

Revenues (billion)                       $8.0        $7.1

Net income, before write-down
 (million)                             $406.2       $313.0

Net income per common share, before
write-down (dollars)
     Basic                              $1.18        $0.92
     Fully diluted                      $1.16        $0.89

Net income, after write-down
 (million)                             $406.2       $158.0

Net income per common share, after
 write-down (dollars)
     Basic                              $1.18        $0.45
     Fully diluted                      $1.16        $0.45

Average number of common
 shares outstanding (million)           336.1        333.0

    Consolidated revenues for the fourth quarter of 1996-97 totalled
$2.5 billion, compared with $2.7 billion for the quarter ended
January 31, 1996.  Net income for the quarter was $147.3 million, or
$0.43 per share, as against net income, before write-down of the
investment in share units of Eurotunnel, of $105.1 million, or $0.31
per share, for the same quarter last year.  After write-down, net
loss stood at $49.9 million, or $0.16 per share.


                                    Three months ended January 31,
                                          1997       1996
                                    ______________________________


Revenues (billion)                        $2.5       $2.7

Net income, before write-down
 (million)                              $147.3     $105.1

Net income per common share, before
 write-down (dollars)
     Basic                               $0.43      $0.31
     Fully diluted                       $0.42      $0.29

Net income (net loss), after write-down
 (million)                              $147.3     $(49.9)


Net income (net loss) per common share,
 after write-down (dollars)
     Basic                              $0.43      $(0.16)
     Fully diluted                      $0.42      $(0.15)

    Commenting on the year's results, Chairman and Chief Executive
Officer Laurent Beaudoin noted that "the Corporation has registered a
13 percent increase in consolidated revenues thanks to higher sales
in all of its business segments.  Net income rose 30 percent, which
is attributable to an excellent performance in the aerospace,
motorized consumer products and financial services sectors."
    Revenues in the transportation segment for the year ended January
31, 1997 have remained stable at $1.6 billion.  Although performance
from the majority of contracts was excellent, income before income
taxes decreased by 36 percent, due essentially to the lack of
profitability of some tramway orders at the Group's Belgian and
Austrian facilities.  Consequently, income before income taxes
totalled $63.8 million, as against $100.3 million in 1995-96.
However, causes of this decrease have been identified and the
corrective measures implemented should lead to improved profitability
for the year 1997-98.
    Revenues in the motorized consumer products industry segment rose
by 19 percent in fiscal year 1996-97, reaching $1.9 billion compared
with $1.6 billion in 1995-96.  Income before income taxes increased
from $174.9 million for the year ended January 31, 1996 to $211.0
million for the year just ended, recording a 21 percent increase.
    In the aerospace segment, revenues increased by 14 percent to
$4.0 billion compared with $3.5 billion in 1995-96.  Income before
income taxes amounted to $258.4 million as against $131.1 million for
last year, after reclassification to take into account modifications
in the grouping of activities in this segment.
    The Services Group consolidated under a single management a
number of services formerly provided by other groups of the
Corporation.  Restated for comparison purposes, revenues in this
segment totalled $366.9 million for the year ended January 31, 1997,
as against $346.0 million at January 31, 1996.  Income before income
taxes reached $13.4 million compared with $18.8 million last year.
Lower profitability on service activities in the Middle East, late
start- up on certain contracts, and product support costs related to
the introduction of new snowgrooming equipment had a negative impact
on the profit margin.
    The financial and real estate services revenues grew to $244.6
million for the year ended January 31, 1997, from $220.0 million last
year.  Income before income taxes increased also to $59.7 million for
fiscal year 1996-97 from $42.1 million in 1995-96.
    Bombardier Inc. is a Canadian corporation engaged in design,
development, manufacturing and marketing activities in the fields of
transportation equipment, civil and military aerospace, motorized
consumer products and services.  The Montreal-based corporation
operates plants in Canada, Mexico, the United States, Austria,
Belgium, Finland, France, Germany and the United Kingdom, employing
41,000 people.

CONTACT: Bombardier Inc.

Michel Lord, 514/861-9481

http://www.bombardier.com