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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 (1111)	6/10/2003 8:50:26 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Faces its Future With Confidence MONTREAL, QUEBEC--JUNE 10, 2003 - 10:30 ET At the Annual and Special Meeting of Shareholders held today, Laurent Beaudoin, Executive Chairman of the Board, and Paul M. Tellier, President and Chief Executive Officer, expressed their confidence in the future of Bombardier. Reporting to shareholders on Bombardier's progress on its action plan and highlighting its highly-skilled workforce, leading-edge products and strong backlog, Tellier said about the future of Bombardier: "I know this future will reflect our Corporation's extraordinary past. We are indeed creating a new Bombardier from the very strengths that we have inherited," he continued. "Having weathered difficult times, we are now ready to go forward. I am not minimizing the challenges we are facing but I am confident that a great future lies ahead. "We are strengthening the Corporation by limiting the risks," stated Tellier. "We have already made significant progress with our action plan presented on April 3, as attested by the successful equity issue and the recently-announced divestitures of Belfast City Airport and the Military Aviation Services unit of Defence Services. "Just as important is the fact that our majority shareholder has demonstrated its full support of the action plan despite the painful decisions we have made," said Tellier, whose comments were immediately followed by those of Laurent Beaudoin. In his address to shareholders, Beaudoin reiterated the founding family's commitment to the Corporation and the protection the ownership structure affords all investors. "The majority shareholder is an investor who signs up for the long haul, who looks for good returns over the long term and who looks to ensure the continuity of the Corporation. To do this, the founder's heirs have even accepted - an emotionally difficult decision - that the Corporation divest its recreational products. "As such, the Bombardier family is and intends to remain the majority shareholder of the Corporation by continuing to hold Class A and Class B shares. We are convinced that the interests of all shareholders will thus be better served and protected," said Beaudoin. Tellier outlined the five reasons why shareholders should be optimistic. "Bombardier is privileged to have a competent and loyal workforce. Secondly, both in aerospace and rail transportation, Bombardier has developed products that are at the leading edge of technology. Thirdly, Bombardier has carved out niches in both aerospace and transportation, either by creating them from scratch or by leading their expansion. Fourthly, the most important R&D investments in our products have been completed. And finally, Bombardier's backlog totals close to $49 billion." Tellier told shareholders that these factors "should give you the confidence you've had in the past, the very confidence that has made Bombardier the great Canadian institution it is today." Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

To: Gilbert Drapeau who wrote (1111)	6/10/2003 8:52:23 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Announces Election of Two New Directors MONTREAL, QUEBEC--JUNE 10, 2003 - 10:45 ET At Bombardier Annual and Special Meeting of Shareholders held today, Michael H. McCain and Federico Sada were elected to the Corporation's Board of Directors. "I am delighted Michael McCain and Federico Sada have joined our Board. The expertise that these two seasoned directors bring to the Corporation will be invaluable," declared Laurent Beaudoin, Executive Chairman of the Board of Bombardier Inc. Michael H. McCain is the President and Chief Executive Officer of Maple Leaf Foods Inc., which he joined as President and Chief Operating Officer in April 1995 after 16 years with McCain Foods Limited in Canada and the United States. McCain is a director of Maple Leaf Foods Inc., Canada Bread Company Limited, McCain Foods Group Inc. and a past director of the American Frozen Food Institute. He is a member of the Board of Trustees for The Hospital for Sick Children in Toronto. Federico Sada of Mexico is President and Chief Executive Officer of Vitro, S.A. de C.V., a glass producing company. He joined Vitro in 1974 and has been CEO since 1995. He is member of the boards of Vitro, S.A.; Instituto Tecnologico y de Estudios Superiores de Monterrey (ITESM); Regio Empresas; ALPEK (a subsidiary of Grupo ALFA) and The University of Texas M.D. Anderson Cancer Center. Former chairman of the Mexican Council for Foreign Trade (COMCE), Sada is currently President of the Mexico-France Bilateral Committee of the COMCE, chairman of the Mexican Section of the European-Mexico Business Dialogue, chairman of trustees for the National Museum of History (Chapultepec Castle) and chairman of trustees for Parque Ecologico Chipinque. Sada is also a member of the International Business Council of the World Economic Forum and of the World Business Council for Sustainable Development, based in Geneva, Switzerland. McCain and Sada are joining re-elected board members Laurent Beaudoin, Jalynn H. Bennett, J.R. Andre Bombardier, Janine Bombardier, L. Denis Desautels, Andre Desmarais, Jean-Louis Fontaine, Daniel Johnson, Jean C. Monty, James E. Perella and Paul M. Tellier. During the meeting, Laurent Beaudoin also paid tribute to retiring director Pierre Legrand, Q.C., who has served on Bombardier's Board with distinction for 28 years. "I would like to express my recognition of his invaluable collaboration and his sound advice through all these years," declared Beaudoin. In addition, he also thanked John Kerr for his contribution to the Corporation. Kerr has decided not to resubmit his candidacy as a director. Today, Bombardier shareholders also adopted a special resolution to authorize the appointment of up to two additional directors during the period between annual meetings of shareholders. They also voted to authorize Bombardier Inc. to apply for an increase of Class A shares and Class B shares, from 1.792 billion to 1.892 billion. Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

To: Gilbert Drapeau who wrote (1111)	8/25/2003 10:49:53 PM
From: Gilbert Drapeau	Read Replies (3) \| Respond to of 1177

Bombardier Renews its Short-Term Bank Facility in North America MONTREAL, QUEBEC--AUGUST 25, 2003 - 11:05 ET Today, Bombardier Inc. announced that it has received confirmation of the renewal of the 364-day portion of its North American credit facility with a syndicate of banks, for an amount of $730 million, effective Sept. 9, 2003. The new maturity date for this portion is Sept. 6, 2004, and the agent bank is the National Bank of Canada. "This commitment, which comes a few weeks after the successful renewal of our bank lines in Europe, confirms banks in North America have confidence in Bombardier," said Francois Lemarchand, Bombardier's Vice President and Treasurer. Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).