Bombardier Named Best-Managed Company by Aviation Week & Space Technology Magazine; Award Recognizes Bombardier's Leadership Position in Business, Regional and Amphibious Aircraft Markets.

Business Editors

MONTREAL--(BUSINESS WIRE)--July 10, 2000

Bombardier Inc. announced today that it was named the "Best-Managed Large Aerospace Company" by Aviation Week & Space Technology magazine. The award follows a record-breaking year during which Bombardier increased its revenues by 18% and achieved a shareholder return of 30.2%.

The Best-Managed Company ratings are based on AW&ST's proprietary Competitiveness Index, developed by one of the magazine's senior editors in conjunction with Standard & Poor's Compustat and PriceWaterhouseCoopers. Companies were ranked based on a series of performance measures, such as asset utilization, productivity and financial health.

"The companies selected for AW&ST's Best-Managed Company awards set the standard for the entire global aviation industry," said Tony Velocci, senior editor at AW&ST. Bombardier topped this year's list in the "large aerospace company" category because it continues to do an outstanding job of using it's technology, plant and equipment resources." Adds Velocci: "Bombardier's research and development investments and exceptional track record have manifested themselves in its strong financial and operating performance."

"From snowmobiles, to trains, to aircraft, Bombardier has built its success by engineering quality products that anticipate customer demand," said Bombardier President and CEO, Robert E. Brown. "Our drive to innovate is evidenced by the fact that Bombardier has developed more aircraft in the last decade than any other airframe maker, including the ultra-long range Global Express and pioneering family of Canadair Regional Jets."

In the past year, Bombardier Aerospace was ranked number one on the Forbes Global "A List" in the Aerospace & Defense category and third on Fortune's list of "Most Admired Global Companies" in the Aerospace category.

Bombardier Aerospace leads the business, regional and amphibious aircraft markets worldwide. It offers the most comprehensive families of turboprop and regional jet aircraft and has the industry's widest range of business jets, offering both full and Flexjet fractional ownership. It also produces firefighting/multi-mission amphibious aircraft and provides technical services, aircraft maintenance and pilot training to business, regional airline and military customers.

Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 56,000 people in 12 countries in North America, Europe and Asia, and more than 90% of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended Jan. 31, 2000 totalled $13.6 billion.