Will Serve As Primary Location For Collaboration With COMAC

Bombardier Aerospace has taken the next step in support of its growing activities in China with the inauguration of a new office in Shanghai. On hand for the ribbon-cutting ceremony Monday were Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace; Jianwei Zhang, President, Bombardier China; Albert K. Li, General Manager and Head of Bombardier Aerospace China; and Andy Solem, Vice President, Sales, China and North Asia, Bombardier Commercial Aircraft. The event was also attended by a number of Bombardier Aerospace senior executives and members of the press.

The Shanghai office will also be home to the Bombardier Commercial Aircraft teams working with the Commercial Aircraft Corporation of China Ltd. (COMAC), Bombardier Aerospace's Supply Chain organization in China, and is the headquarters for the Bombardier Commercial Aircraft sales and marketing team for China and North Asia. The Shanghai Regional Support Office team, supporting Q-Series and CRJ aircraft operators, will also be based at this new office and will expand to include support personnel for Bombardier's Learjet, Challenger and Global business jet operators.

"China is a critically important region for Bombardier Aerospace, and the inauguration of our new office in Shanghai further testifies to our long-term commitment to the Chinese aviation industry," said Mr. Hachey. "Bombardier's portfolio of industry-leading products is very well-positioned to meet the growing needs of China's commercial aircraft operators, and the newly inaugurated Shanghai office will be key to continue building lasting relationships with our stakeholders and customers in China."

"We have taken concrete steps to expand our global presence to provide regionalized support for our customers worldwide," added Mr. Hachey. "This new office in Shanghai reinforces our commitment to providing a superior level of service to our operators in the region."

Bombardier Aerospace's newly inaugurated office in Shanghai adds to its existing presence in China, which includes a Bombardier Business Aircraft sales team, based in Beijing, under the leadership of Michael Han, Regional Vice President, Sales, China, and a Bombardier Commercial Aircraft team, based in Shenyang, dedicated to the CSeries and Q400 NextGen aircraft programs. Bombardier has also established parts depots in Beijing and Hong Kong, as well as a Regional Support Office in Hong Kong.

In recent months, Bombardier Aerospace has made a series of announcements concerning the Chinese aviation industry, including the signing of a definitive agreement with COMAC to establish commonalities between C919 and CSeries aircraft on March 21. In February 2012, Bombardier Aerospace and AVIC International Leasing Co., Ltd. signed a memorandum of understanding (MOU) for an expanding co-operation to support the financing of commercial aircraft sales in China and globally, and Bombardier Aerospace also identified China Express Airlines as the previously undisclosed customer that placed a conditional order for six (6) CRJ900 NextGen aircraft with options on an additional five (5) CRJ900 NextGen aircraft.

Bombardier predicts a demand for almost 2,400 commercial aircraft in the 60- to 149-seat segment in China over the next 20 years, making China the world's second largest market for new aircraft deliveries, following closely behind the United States. Over the same period, Bombardier's latest market forecast for the business aviation industry predicts a total of 2,360 business jet deliveries destined for China. More than 95 Bombardier-produced aircraft, including CRJ and Q-Series commercial aircraft, as well as Learjet, Challenger and Global business jets, are currently operating in Greater China.

FMI: www.bombardier.com