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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?


To: Gilbert Drapeau who wrote (936)10/25/2001 2:07:28 PM
From: Gilbert Drapeau  Respond to of 1177
 
Bombardier Introduces New Global 5000: Scheduled to Fly
in 2003, Enter Corporate Service in 2004

MONTREAL, QUEBEC--OCTOBER 25, 2001 - 11:42 EDT
Bombardier today introduced the Bombardier
Global 5000*, a high-speed intercontinental business jet that will
set new standards in the super-large jet niche market.

The Bombardier Global 5000 will fly non-stop from central North
America to continental Europe at a speed of Mach 0.85 (561 mph;
903 km/h), with eight passengers plus three crew. It will also
fly non-stop at Mach 0.85 (561 mph; 903 km/h) from Europe to
central North America. The Bombardier Global 5000 will enter
corporate service in late 2004.

Bombardier Aerospace is now seeking commitments from prospective
customers, heading towards a formal program launch within the next
few months. The program is currently in development and first
flight is anticipated in the first quarter of 2003. Type
certification is expected in the first quarter of 2004.

"The Bombardier Global 5000 will become the new standard in
intercontinental, high-speed travel," said Robert E. Brown,
president and chief executive officer, Bombardier Inc. "It
continues the Bombardier tradition of providing a superior
aircraft to business jet customers at a competitive price and will
become the jet against which all aircraft in its class must be
measured."

"We are currently designing the Bombardier Global 5000 to deliver
great value in its class. It will offer one of the widest and
most spacious cabins in its class, be able to take off from short
runways, be fully compliant with Transport Canada, Federal
Aviation Administration and Joint Aviation Authorities' stringent
regulatory requirements - all at a competitive price," added
Pierre Beaudoin, president and chief operating officer, Bombardier
Aerospace.

The Global 5000 - Bombardier's 12th new aircraft in 12 years - is
positioned between the top-selling wide body Challenger(R) 604 and
the ultra long-range Bombardier Global Express(R) aircraft. It
will compete in the super-large jet segment which, according to
industry forecasts, will require some 750 aircraft by the year
2010.

Bombardier officials introduced the aircraft during a ceremony at
its Montreal Completion Center. The occasion was attended by some
200 guests including Bombardier customers, prospects, aviation
industry officials, aviation/trade press, local media and special
guests.

Rich lineage

Bombardier invested 24 months to study the market requirements and
then explored its design options - before determining that the
Global Express platform was the best choice to meet the specific
market needs.

"The Bombardier Global 5000 was driven by Bombardier prospective's
customers telling us what they need and want in a new super-large
business jet," remarked Mr. Beaudoin. "The Bombardier Global 5000
inherits the speed, superior performance capabilities and
sophisticated systems from its parent, our flagship Bombardier
Global Express.

"Operators will truly benefit from this lineage. This allows us
to develop a product that the market has asked for - offering more
range at high speed, more versatility and more cabin space than
other aircraft in its class. And, it will enter corporate service
very quickly," stated Mr. Beaudoin.

As it has with previous aircraft development programs, Bombardier
is teaming with international risk-sharing participants to design
and produce critical components and aircraft systems.

Bombardier Aerospace has developed a high degree of design
expertise in business aircraft ranging from the Bombardier
Learjet(R) 45 super-light jet, with its first delivery in May
1998, the Bombardier Global Express ultra long-range aircraft,
with its first delivery in July 1999, right up to the
super-midsize Bombardier Continental* aircraft, currently
beginning its flight test and certification program.

Additionally, Bombardier Global 5000 operators will benefit from
Bombardier's expertise in designing and building the industry's
leading regional aircraft, enjoying airliner reliability and
maintainability, and competitive operating costs.

"By applying new technologies in design and manufacturing and
committing to superior standards of quality control, Bombardier
Aerospace has a proven ability to design, build and support the
highest quality products and services. The Bombardier Global 5000
will reach the market with quality and reliability that is amoung
the highest for a new aircraft," observd John Holding, executive
vice-president, Engineering and Product Development, Bombardier
Aerospace.

Bombardier Aerospace, a unit of Bombardier Inc., is a world leader
in the design and manufacture of innovative aviation products and
services for the regional, business and amphibious aircraft
markets. It also offers Bombardier Flexjet fractional ownership,
aircraft charter and management, technical services, aircraft
maintenance, and pilot training for 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 79,000 people in 24 countries
in the Americas, Europe and Asia-Pacific and its revenues for the
fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn.

(R) Registered trademarks of Bombardier Inc. and/or its
subsidiaries

* Trademarks of Bombardier Inc.

Note to Editors: Artist Rendition of the Bombardier Global 5000
and photo of today's event will be available on our Web site photo
gallery at: www.aero.bombardier.com/htmen/F15.htm - as well as via
the Canadian Press.