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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 (966)2/4/2002 10:15:23 AM
From: Gilbert Drapeau  Respond to of 1177
 
Bombardier Responds to Unsolicited Third Party Tender
Offer

MONTREAL, QUEBEC--FEBRUARY 4, 2002 - 09:10 EST
Bombardier Inc. has been notified that TRC
Capital Corporation has made an unsolicited tender offer to
purchase up to 20,000,000 of the Company's Class B subordinate
voting shares at $13.50 Cdn per share. This price is below the
closing price of $15.09 per share on the Toronto Stock Exchange on
Feb. 1st 2002.

Bombardier Inc. wishes to inform its shareholders that it does not
recommend or endorse this unsolicited offer and that the Company
is in no way associated with TRC Capital Corporation.
Shareholders who are considering selling their shares are urged to
consult their own financial advisor prior to doing so.

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.



To: Gilbert Drapeau who wrote (966)2/5/2002 12:34:07 PM
From: Gilbert Drapeau  Respond to of 1177
 
Bombardier Aerospace Launches Global 5000 Business Jet

MONTREAL, QUEBEC-- FEBRUARY 5, 2002 - 10:45 EST

Strong market reception for new super-large business jet

Bombardier Aerospace today officially launched its high-speed
Bombardier Global 5000* intercontinental business jet, designed
specifically to meet emerging needs in the super-large jet market.

Since its market introduction in October of 2001, the Bombardier
Global 5000 jet is generating positive market interest worldwide,
resulting in letters of intent for 15 aircraft.

"In designing the Bombardier Global 5000, Bombardier's 12th new
aircraft in 12 years, our goal is to continue developing products
that address new market needs. We listen to the market and
provide customers with aircraft that offer the latest
technological developments and design features at a competitive
price," stated Peter Edwards, president, Bombardier Business
Aircraft. "The positive market reaction we have witnessed to date
for the Bombardier Global 5000 indicates we are right on track."

The Bombardier Global 5000 program is currently in development,
with first flight scheduled for the first quarter of 2003. Type
certification to stringent regulations from Transport Canada, the
U.S. Federal Aviation Administration and the European Joint
Aviation Authorities is on target for the first quarter of 2004.
The aircraft is expected to enter corporate service at the end of
that year.

Providing the widest and most spacious cabin among super-large
business jets, the Bombardier Global 5000 is capable of flying
non-stop from Continental Europe to central North America at Mach
0.85 with eight passengers and three crew. Designed to execute
transcontinental missions at a brisk Mach 0.88 - faster than any
competing jet - it will fly executives and government leaders to
and from airfields closer to their point of business than any
widebody business jet.

"The Bombardier Global Express(R) platform has many advantages,
particularly for operators of mixed fleets," added Mr. Edwards.
"Operators purchasing both the Bombardier Global Express and the
Global 5000 will, for the first time, be able to realize the
significant benefits and cost effectiveness derived from fleet and
systems commonality."

With a maximum takeoff weight (MTOW) of 87,700 pounds (39,783 kg),
the Bombardier Global 5000 will offer a maximum range of 4,800
nautical miles (8,889 km) at a speed of Mach 0.85. Also, at a
speed of Mach 0.88, the aircraft will travel 3,700 nautical miles
(6,852 km).

The Bombardier Global 5000 was developed after an intensive
24-month market research program. It will offer speed, takeoff
and landing performance and sophisticated systems that are similar
to those delivered by its parent, the Bombardier Global Express.
It will compete in the super-large jet segment which, according to
industry forecasts, will require some 750 aircraft by the year
2010.

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.

To date, Bombardier Aerospace has selected Rolls-Royce Deutschland
to supply the BR710A2-20 powerplant, which is produced at the
company's Dahlewitz facility near Berlin, Germany, and Mitsubishi
Heavy Industries (MHI) of Nagoya, Japan, for the detail design,
manufacturing and integration of the wing section and center
fuselage.

Bombardier Aerospace is on target to finalize more systems and
structural suppliers in the coming weeks.

The launch price for a typically equipped Bombardier Global 5000
is $32.95 million U.S. and will offer such features as a Central
Aircraft Information and Maintenance System (CAIMS), a telephone
and fax, a Satellite Communications (SATCOM) system, a third VHF
and a datalink.

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(R) 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 its
fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn.

* Trademark of Bombardier Inc.

(R) Registered trademarks of Bombardier Inc.



To: Gilbert Drapeau who wrote (966)2/14/2002 11:02:42 AM
From: Gilbert Drapeau  Respond to of 1177
 
Bombardier to File a Claim Against DaimlerChrysler AG

MONTREAL, QUEBEC--FEBRUARY 14, 2002 - 01:01 EST
Bombardier Inc. announced today that discussions
with DaimlerChrysler AG of Stuttgart, Germany (DaimlerChrysler)
have failed to result in an agreement as to the value of the
adjusted net assets acquired in connection with the acquisition of
DaimlerChrysler Rail Systems GmbH (Adtranz). Under these
circumstances, Bombardier has notified DaimlerChrysler that it
will file a claim against it for damages under the arbitration
process governed by the rules of arbitration of the International
Chamber of Commerce, as set forth in the Sale and Purchase
Agreement (SPA).

Under the SPA, DaimlerChrysler made contractual representations
and guarantees to Bombardier, including confirmation of a level of
equity of Adtranz, on the closing date of April 30, 2001.
Bombardier's claim for damages is largely based on material
breaches of contractual representations and guarantees, including
significant deficiency in the value of the adjusted net assets
acquired. Such deficiency results from the application of United
States generally accepted accounting principles (U.S. GAAP) and
from unrecorded costs required to complete contracts with third
parties. Bombardier's claim will be in the order of 1 billion
euros ($1.4 billion Cdn).

Bombardier Management has established the purchase price
allocation taking into account all relevant information as
detailed in its third quarterly report to shareholders dated Nov.
26, 2001. Resolution of the claim will result in a reduction of
the goodwill related to the acquisition of Adtranz.

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.