Bombardier Aerospace Announces Multi-Model Sales to Execujet.

DUBAI, United Arabs Emirates--(BUSINESS WIRE)--Nov. 16, 1999--

(ME:BBD.A.) (TSE:BBD.A.) (ME:BBD.B.) (TSE:BBD.B.) Bombardier Aerospace today signed a firm sales contract for a total of 12 Learjet(R) 45, Learjet 60, Continental(a) business jet and Special Edition(a) aircraft with the ExecuJet Aviation Group.

The total value of the transaction is approximately $145 million U.S. ($213 million Cdn). It includes five Learjet 45, two Learjet 60, four Continental and one Special Edition aircraft.

Deliveries will begin in the year 2000.

All of the aircraft in today's announcement are destined for operators in southern Africa and Scandinavia, two regions where Bombardier is represented by ExecuJet.

The purchases are the largest to date made by the ExecuJet Aviation Group, a Swiss-based group active in the management, charter, leasing, sale and support of Bombardier business aircraft in Africa, the Middle East and Europe.

The sales were finalized by Bombardier and ExecuJet officials during Dubai 2000, the sixth biennial international aerospace exhibition being held at the all-new Dubai Airport Exhibition Centre.

"These sales are further evidence of our growing relationship with ExecuJet, which has had tremendous success in the aviation market by offering a comprehension range of services to its customers," said John Lawson, president, sales, Bombardier Aerospace, Business Aircraft. "We are extremely pleased to be able to support its continued expansion by offering aircraft that provides customized solutions to a wide variety of business jet users."

Mr. Lawson noted that today's announcement follows ExecuJet's purchase earlier this year of a midsize Learjet 60 business jet and an ultra long-range Bombardier Global Express(R) corporate jet, both destined for operations in southern Africa.

"This acquisitions reflect the strength of our broad product line and underlines that we're the only manufacturer offering aircraft ranging from light jets through to ultra long-range aircraft," observed Mr. Lawson.

ExecuJet, the exclusive sales representative for the entire family of Bombardier business jet aircraft in several southern African countries, has also sold a number of Learjet 45 aircraft in South Africa and made breakthrough sales of Learjet 60 aircraft in Scandinavia.

"Bombardier aircraft are being very well received by customers in all our sales territories," noted Niall Olver, managing director, ExecuJet Aviation Group. The three aircraft models being purchased by ExecuJet represent some of the fastest-selling jets in Bombardier's family of business aircraft:

-- The Learjet 60 is the best-selling mid-size jet in corporate

aviation, offering true transcontinental capabilities and

exceptional stand-up cabin comfort. It can fly from Dubai to

London with one stop.

-- The Learjet 45, which is making its Middle East debut at Dubai

2000, has captured a 55 per cent share of deliveries in the

super-light business jet category after less than two years of

service. The 50th aircraft is expected to enter corporate service

by year-end.

-- The Continental represents Bombardier's entry in the fast-growing

super midsize business jet segment, offering true

transcontinental range and superior long-range cruise speed.

First flight is anticipated in mid-2001 with type certification

in mid-2002.

Headquarters based at Lanseria Airport, near Johannesburg, the ExecuJet Aviation Group is the exclusive sales representative for the entire family of Bombardier business jet aircraft in several African countries including South Africa, Namibia, Botswana, and the Indian Ocean islands. In addition, ExecuJet is a Bombardier-approved recognized service facility, providing total service and maintenance for Bombardier business jets throughout Africa.

From its base in Copenhagen, Denmark, ExecuJet is responsible for the Bombardier Business Aircraft sales for the region and also for the operations of Flexjet Europe, Bombardier's fractional ownership program launched at the Paris Air Show in June 1999.

Bombardier Aerospace, a unit of Bombardier Inc., is the world's third largest civil aircraft manufacturer with operations in three countries. Leading the 20- to 70-passenger regional carrier market, Bombardier Aerospace offers complete families of turboprop and regional jet aircraft. It has the industry's widest range of business jets, offering both full and fractional ownership, and also produces firefighting/maritime mission aircraft. It provides technical services, aircraft maintenance and pilot training to business, regional airline and military customers.

Bombardier Inc. is a Canadian corporation active in the fields of aerospace, rail transportation equipment, recreational products and financial services. It operates plants in 12 countries in North America, Europe and Asia, and more than 90 per cent of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended January 31, 1999 totalled $11.5 billion (Cdn).

(a)Trademark of Bombardier Inc. (R) Registered trademarks of Bombardier Inc.