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    (Photo:  http://www.newscom.com/cgi-bin/prnh/20081008/LAW004)
    >>

Starting at $107,900, gift givers who purchase a Flexjet 25 Expert Guide Edition jet card from Nov. 1 through Dec. 15, 2008 can combine an exceptional travel experience on the Flexjet 25 fleet of Bombardier high-performance jets with an opportunity for new customers to choose one of six Expert Guide packages. The premier experiences are provided through the Flexjet 25 jet card's partnership with Mint -- an exclusive lifestyle management service representing a private network of prominent individuals and families worldwide.

"The Expert Guide Edition jet card not only offers gift givers access to the legendary fleet of Bombardier aircraft, Flexjet's world-class service and Jet Solutions' operational excellence but a once-in-a-lifetime opportunity to use their new jet card to learn a new skill or gain valuable insight directly from other top navigators who, in some cases, literally wrote the book," said Sylvain Levesque, Vice-President, Bombardier Flexjet.

The packages feature a range of expert guides in a variety of lifestyle categories from which to choose:

Navigating the Art World -- Flexjet 25 jet card owners can enjoy a rare opportunity to explore the world of art with internationally renowned art consultant Barbara Guggenheim. Whether their is goal is to become a more knowledgeable art collector for love or investment, navigate the body of work of an individual artist or simply explore the art gallery scene, Ms. Guggenheim will be the authoritative guide through the intricacies of the art world. From counsel in purchasing art to an insider's perspective of a favored museum in Los Angeles or New York, the esteemed partner of art advisory firm Guggenheim, Asher Associates and lecturer at the Whitney Museum will provide the jet card owner and a guest a private four-hour consultation tailored to meet their personal interests and objectives.

Know When to Hold 'Em -- World Series of Poker bracelet winner Antonio Esfandiari will take Flexjet 25 jet card owners from amateur to ace. Renowned for his expertise and winning strategy at Texas Hold 'Em, the entertaining and charismatic co-star of television's I Bet You and author of New York Times best-seller World Poker Tour(TM): Shuffle Up and Deal will provide the jet card owner and up to three guests the ultimate opportunity to hone their poker skills with a private three-hour lesson at the spectacular Bellagio casino in Las Vegas. From preflop strategy to postflop play, Esfandiari reveals his most coveted secrets, how to achieve the poker mindset, and an insider's guide to casino etiquette. This memorable experience also includes a personally autographed copy of the champion's newly released DVD, I Bet You: Season 1.

Food for Thought: Epicurean Masters -- Flexjet 25 jet card owners are invited to discover the secrets of the world's most celebrated chefs and wine producers with a limited VIP invitation to the Second Annual Pebble Beach Food & Wine event, April 16 to April 19, 2009. This premier epicurean celebration, held on California's Monterey Peninsula, immediately distinguished itself as a must-attend in its 2008 inaugural year. Jet card owners and a guest are invited to learn from the masters and indulge their senses with all things gastronomic. Enjoy access to award-winning chefs and vintners, cooking demonstrations, invitation-only receptions, dinners and after-hour festivities with inspired cuisines and premium wines. In addition, this experience includes an intimate private cocktail party and book signing with one of the event's celebrity chefs.

A Higher Purpose: The Power to Make a Difference -- Knowledge is power. This opportunity bridges the gap between wanting to make a difference and knowing how to make the most significant impact. Flexjet 25 card owners are invited to create their own personal giving plan with expert guidance from leading philanthropy advisor and strategist Marjorie Federbush. Founder and president of Strategies and Synergies International, Federbush has more than 25 years experience in domestic and international philanthropy, including 16 years with the Ronald S. Lauder Foundation where she served as Executive Vice President. From counsel on charitable giving and identifying areas of philanthropic interest, to forming one's own foundation and developing a mission statement, this private four-hour consultation will provide meaningful and actionable direction for one's most rewarding investment.

Trout Whisperer -- Flexjet 25 jet card owners can learn the perfect cast amid the majestic rivers and wildlife of Idaho with renowned fly fisherman Mike Lawson -- popular author and contributing editor to Fly Fisherman Magazine. As their private guide, Lawson will share a lifetime's worth of knowledge and insider secrets on the Holy Grail of fly-fishing: Henry's Fork River. From reading the water to advanced angling, Mr. Lawson will lead the jet card owners and up to three guests on an exclusive, two-day fishing trip --including two nights at the acclaimed Henry's Fork Lodge. The first day's adventure will begin with an eight-hour expedition on Henry's Fork River and conclude with a culinary feast prepared from the day's catch. The following day, enjoy whitewater rafting and fishing in the secluded wilderness of Yellowstone National Park.

Navigating Your Life: The Mint Experience** -- Looking for a legendary tennis pro for a private lesson with the kids? Dreaming of teeing off on one of America's most exclusive golf courses with a PGA Tour finalist? Searching for an author to give a loved one the gift of his or her own biography? In an unparalleled opportunity to make one's dream a reality, the Flexjet 25 jet card has partnered with Mint -- an exclusive lifestyle management service dedicated to accommodating highly specialized requests on behalf of its private membership -- to provide unprecedented access to their personal life navigators. These expert guides, with their exceptional knowledge and extensive contacts, can help make almost anything possible.

"Mint is pleased to partner with the Flexjet 25 jet card to offer a truly unique experience that gift recipients will likely remember for a lifetime," said Mint Co-Founder Gordon MacGeachy. "Whether Flexjet 25 holiday card owners wish to close down the Louvre for a private dinner party with a celebrity chef or build the perfect wine collection, the highly skilled Mint experts will make even their most farfetched wishes a reality," added Mr. MacGeachy.

First introduced in 2006, the Flexjet 25 jet card offers fliers an easy way to sample private aviation without assuming ownership of a plane, while providing them with an unbeatable combination of choice, flexibility and benefits amongst jet cards. Jet card owners can choose from four different price levels for each aircraft based on a preset number of travel days per year -- ranging from an unrestricted 365-day jet card to a 355-day, 325-day or 275-day jet card. Additional hours are also available for purchase as needed. With the recent addition of the Learjet 40 and the Challenger 300 aircraft to the Flexjet 25 jet card fleet, jet card owners now have access to its full fractional fleet of legendary Bombardier business aircraft, which includes the Learjet 45, Learjet 60 and Challenger 604 jets.

    <<
    Pricing breakdown is as follows:
    >>

    <<
    Learjet 40                 25-Hours(1)(2)  30-Hours(1)(2)  35-Hours(1)(2)
    Learjet 40 (275 Days)      $107,900        $129,480        $151,060
    Learjet 40 (325 Days)      $116,900        $140,280        $163,660
    Learjet 40 (355 Days)      $125,900        $151,080        $176,260
    Learjet 40 (365 Days)      $134,900        $161,880        $188,860
    >>

    <<
    Learjet 45                 25-Hours(1)(2)  30-Hours(1)(2)  35-Hours(1)(2)
    Learjet 45 (275 Days)      $128,500        $154,200        $179,900
    Learjet 45 (325 Days)      $138,500        $166,200        $193,900
    Learjet 45 (355 Days)      $148,000        $177,600        $207,200
    Learjet 45 (365 Days)      $155,500        $186,600        $217,700
    >>

    <<
    Learjet 60                 25-Hours(1)(2)  30-Hours(1)(2)  35-Hours(1)(2)
    Learjet 60 (275 Days)      $148,500        $178,200        $207,900
    Learjet 60 (325 Days)      $156,000        $187,200        $218,400
    Learjet 60 (355 Days)      $166,000        $199,200        $232,400
    Learjet 60 (365 Days)      $175,500        $210,600        $245,700
    >>

    <<
    Challenger 300             25-Hours(1)(2)  30-Hours(1)(2)  35-Hours(1)(2)
    Challenger 300 (275 Days)  $210,000        $252,000        $294,000
    Challenger 300 (325 Days)  $220,000        $264,000        $308,000
    Challenger 300 (355 Days)  $235,000        $282,000        $329,000
    Challenger 300 (365 Days)  $250,000        $300,000        $350,000
    >>

    <<
    Challenger 604             25-Hours(1)(2)  30-Hours(1)(2)  35-Hours(1)(2)
    Challenger 604 (275 Days)  $217,400        $260,880        $304,360
    Challenger 604 (325 Days)  $231,400        $277,680        $323,960
    Challenger 604 (355 Days)  $249,800        $299,760        $349,720
    Challenger 604 (365 Days)  $286,800        $344,160        $401,520
    >>

    <<
    (1) Customer is responsible for Fuel Component Adjustment (FCA) & Federal
        Excise Tax (FET) for every hour flown.
    >>

    <<
    (2) Customer is also responsible for additional fees including
        International Fees when flying outside of Primary Service Area (PSA)
    >>

Note: Pricing subject to conditions and subject to change without prior notice.

In addition to a variety of pricing options, the Flexjet 25 jet card offers several other key benefits:

Unique Twin Guarantee -- Flexjet 25 is the only jet card program that offers a dual guarantee that card owners will fly on the Flexjet 25 fleet 95 percent of the time or better, and a satisfaction guarantee promising that card owners will be refunded the remaining portion of their pre-paid balance if they are not completely satisfied after their first flight.

Industry-Leading Secondary Service Area -- The expanded Flexjet 25 secondary service area program provides travel to the Bahamas, Bermuda, the Caribbean, Canada, Central America and Hawaii without repositioning charges.

Ultimate Flexibility -- The Flexjet 25 card gives its owners options for travel on larger or smaller aircraft using a standard interchange ratio, along with the ability to apply unused card program funds toward the purchase of a Flexjet fractional share. Point-to-point international travel can also be arranged for jet card owners through Skyjet International***.

For more details on the Flexjet 25 Expert Guide Edition holiday program call 866-473-0025 or visit http://www.flexjet25.com/expertguide.

    <<
    About Bombardier Flexjet
    >>

Established in 1995 and based in Richardson, Texas, Bombardier Flexjet offers a turnkey program allowing individuals or companies to purchase a share in a Bombardier business jet at a fraction of the full ownership cost. Flexjet owners select the aircraft type that best fits their needs, determine the number of hours per year they expect to fly, and purchase shares starting at 1/16th (equal to 50 hours of flying).

Owners pay predictable monthly management and usage fees, while Flexjet manages aircraft maintenance, flight crews, hangars, fuel and insurance on their behalf. Flexjet fields an exclusive family of Bombardier business jets, including the Learjet 40 XR, Learjet 45 XR, Learjet 60 XR, Challenger 300 and newly redesigned Challenger 605 business jets. The Flexjet One program is an aircraft management service providing owners who purchase a whole Bombardier aircraft access to Flexjet's entire fractional fleet, cost savings and a simple, worry-free solution to aircraft ownership.

    <<
    About Jet Solutions LLC
    >>

Richardson-based Jet Solutions, established in 1987, is one of the largest FAA Part 135 carriers, having operated more than 100,000 flights for customers throughout the world. Jet Solutions is one of a small number of Part 135 air carriers that meet the strict compliance requirement of AS9100. Jet Solutions has partnered with Bombardier Flexjet since 1995, operating all of its commercial flights and managing its maintenance programs. Jet Solutions operates the Flexjet 25 jet card program under FAA Part 135.

    <<
    About Bombardier
    >>

A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended in Jan. 31, 2008 were $17.5 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability Worth and North America indexes. News and information are available at http://www.bombardier.com.

Bombardier, Flexjet, Flexjet 25, Flexjet One, Learjet, Challenger, Learjet 40, Learjet 45, Learjet 60, Challenger 300 and Challenger 605 are either registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

    <<
    About Mint
    >>

Mint is a highly specialized lifestyle management service representing a private network of prominent individuals and families worldwide. Mint's experts provide advice on and access to the best of everything by way of their exceptional knowledge and extensive rolodex. In a world full of those seeking similar experiences, Mint provides its members the ultimate edge, all the while handling every last detail in just the right way. Mint's portfolio of services includes, but is not limited to, travel, real estate, entertainment, specialty shopping, restaurant reservations, household staffing, management of fine collections and the creation of extraordinary experiences.

    <<
    *   Flexjet 25 jet card terms and conditions apply.
    **  Navigating Your Life: The Mint Experience package grants access to one
        of Mint's specialists for the length of time required to complete a
        single, specific request; the handling of additional requests will be
        at the discretion of Mint. Flexjet 25 Expert Guide Edition jet card
        recipients will be responsible for all costs associated with the
        request beyond the Mint consultation.
    *** Trademark of VistaJet.

    >>

SOURCE: Flexjet

Erin Portman, +1-512-448-0502, Erin.Portman@TeamOne-usa.com, for Flexjet Web Site:
http://www.flexjet.com 	                http://www.jetsolutions.com
http://www.bombardier.com 	                http://www.inthemint.com

Net income amounted to $246 million, compared to a net loss of $71 million for the same period last fiscal year. Earnings per share (EPS) reached $0.14, compared to a loss of $0.05 last fiscal year (profit of $0.05 before special item). Free cash flow (cash flows from operating activities less net additions to property, plant and equipment) totalled $99 million, compared to $633 million last fiscal year. The cash position remains strong at $4.3 billion as at July 31, 2008, compared to $3.6 billion as at January 31, 2008. The overall backlog rose to $57.2 billion, compared to $53.6 billion as at January 31, 2008.

"Both groups have delivered solid results again this quarter. Performance on our large backlog has strongly contributed to the generation of $0.14 earnings per share this quarter, compared to $0.05 last year," said Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc.

"At Bombardier Aerospace, Business Aircraft recorded a high level of new orders and deliveries, showing the continued popularity of its wide array of products. In line with its leadership position and commitment to product innovation, Bombardier Aerospace launched the CSeries family of aircraft during the Farnborough Airshow this past July. This new game-changing 110- and 130-seat family of aircraft will benefit from the latest technological advances, including increased use of composites, a next-generation engine and the very latest in system technologies.

During the quarter, Bombardier Transportation also received a good level of new orders as evidenced by its book-to-bill ratio of 0.9, and this, in the context of a 32% increase in revenues. Our extensive range of products and geographic diversification, already reflected in our backlog, bode well for future revenues. And we will continue to leverage our strengths and focus on execution and costs to maximize business opportunities," added Mr. Beaudoin.

In order to increase the relative majority of independent members sitting on the Bombardier Board of Directors, both groups' Presidents and Chief Operating Officers will no longer be members of the Board, but they will continue to attend Board meetings as required. Consequently, on September 3, 2008, Andre Navarri resigned as a member of the Board, bringing the total number of Board members to 13, eight of whom are independent.

Bombardier Aerospace

Bombardier Aerospace's revenues totalled $2.5 billion compared to $2.2 billion last fiscal year. EBIT improved by $105 million to reach $238 million. This translates into an EBIT margin of 9.5% for the second quarter ended July 31, 2008, compared to 6% last fiscal year (9% before EOAPC charge). Bombardier Aerospace's backlog rose to $26.1 billion as at July 31, 2008, compared to $22.7 billion as at January 31, 2008, reflecting a solid level of 175 net orders, while 89 aircraft were delivered.

The business aircraft market continues to be strong as illustrated by 162 net orders, compared to 103 last fiscal year, while 66 deliveries were completed, compared to 49 for the same period last fiscal year, for a book-to-bill ratio of 2.5. Bombardier Aerospace received significant orders during the quarter showing the strength of its product-offering: in addition to the order from VistaJet of Switzerland for up to 60 business aircraft, with 35 firm orders, an undisclosed customer ordered 110 Learjet 60 XR aircraft, of which 25 are firm. Together, these two orders represent a total value of approximately $2.7 billion, if all options are exercised and if all conditional orders are confirmed.

As proof ot its relentless commitment to designing and manufacturing innovative aircraft, Bombardier Aerospace announced the launch of the CSeries family of aircraft, with a letter of interest from Lufthansa for up to 60 aircraft, including 30 options.

Bombardier Transportation

Bombardier Transportation revenues rose to $2.4 billion, an increase of $585 million over the same period last fiscal year. EBIT totalled $120 million, compared to an EBIT before special item of $80 million last fiscal year, while EBIT margin reached 5% versus 4.4% before special item. The order backlog stood at $31.1 billion as at July 31, 2008.

Bombardier Transportation reported new orders worth $2.1 billion, compared to $1.3 billion last fiscal year, leading to a book-to-bill ratio of 0.9 in the context of a 32% increase in revenues. The most important order came from the Swedish State Railway SJ AB for 20 REGINA high-speed trains (80 cars), valued at approximately $349 million.

Subsequent to the quarter, Bombardier Transportation received two orders for dual-powered locomotives in North America. One from New Jersey Transit Corporation for 26 locomotives, valued at approximately $262 million and the other from Agence Metropolitaine de Transport of Montreal for 20 locomotives and spare parts, valued at approximately $223 million. A first in North America, the new dual-powered locomotives will be capable of operating under both diesel power and alternating current electric power and support operators in their commitment to provide modern, efficient, environmentally-friendly passenger rail service.

Also subsequent to the quarter, Bombardier Transportation was awarded a 14-year contract by RENFE, the Spanish National Rail Operator, for the maintenance of 45 AVE S-130 high-speed trains, for a value of approximately $202 million.

Financial highlights
(unaudited, in millions of U.S. dollars, except per share amounts, which
are shown in dollars)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
                                                      Three-month periods
                                                            ended July 31
-------------------------------------------------------------------------
                                          2008                       2007
-------------------------------------------------------------------------
                          BA       BT    Total       BA       BT    Total
-------------------------------------------------------------------------
Revenues              $2,516   $2,416   $4,932   $2,210   $1,831   $4,041
-------------------------------------------------------------------------
EBITDA before
 special item           $343     $152     $495     $236     $106     $342
Amortization             105       32      137      103       26      129
-------------------------------------------------------------------------
EBIT before special
 item                   $238     $120      358     $133      $80      213
Financing income                           (82)                       (55)
Financing expense                          118                        127
-------------------------------------------------------------------------
EBT before special
 item                                      322                        141
Special item                                 -                        162
-------------------------------------------------------------------------
EBT                                        322                        (21)
Income taxes                                76                         50
-------------------------------------------------------------------------
Net income (loss)                         $246                       $(71)
-------------------------------------------------------------------------
-------------------------------------------------------------------------

Basic and diluted
 earnings (loss)
 per share                               $0.14                     $(0.05)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Segmented free cash
 flow                   $100     $105     $205     $477     $296     $773
Income taxes and
 net financing
 expense                                  (106)                      (140)
-------------------------------------------------------------------------
Free cash flow                             $99                       $633
-------------------------------------------------------------------------
-------------------------------------------------------------------------

                                                        Six-month periods
                                                            ended July 31
-------------------------------------------------------------------------
                                          2008                       2007
-------------------------------------------------------------------------
                          BA       BT    Total       BA       BT    Total
-------------------------------------------------------------------------
Revenues              $4,896   $4,825   $9,721   $4,470   $3,538   $8,008
-------------------------------------------------------------------------
EBITDA before
 special item           $654     $302     $956     $452     $204     $656
Amortization             210       67      277      207       53      260
-------------------------------------------------------------------------
EBIT before special
 item                   $444     $235      679     $245     $151      396
Financing income                          (143)                      (106)
Financing expense                          200                        247
-------------------------------------------------------------------------
EBT before special
 item                                      622                        255
Special item                                 -                        162
-------------------------------------------------------------------------
EBT                                        622                         93
Income taxes                               150                         85
-------------------------------------------------------------------------
Net income                                $472                         $8
-------------------------------------------------------------------------
-------------------------------------------------------------------------

Basic and diluted
 earnings per share                      $0.26                         $-
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Segmented free cash
 flow                   $390     $363     $753     $543     $128     $671
Income taxes and
 net financing
 expense                                   (94)                      (192)
-------------------------------------------------------------------------
Free cash flow                            $659                       $479
-------------------------------------------------------------------------
-------------------------------------------------------------------------
BA: Aerospace; BT: Transportation

FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JULY 31, 2008

ANALYSIS OF RESULTS

Consolidated results

Consolidated revenues totalled $4.9 billion for the second quarter ended July 31, 2008, compared to $4 billion for the same period last year. For the six-month period ended July 31, 2008, consolidated revenues reached $9.7 billion, compared to $8 billion for the same period last year.

For the second quarter ended July 31, 2008, EBIT reached $358 million, or 7.3% of revenues, compared to an EBIT before special item of $213 million, or 5.3% of revenues, for the same period the previous year. For the semester ended July 31, 2008, EBIT amounted to $679 million, or 7% of revenues, compared to an EBIT before special item of $396 million, or 4.9% of revenues, for the same period last fiscal year.

Net financing expense amounted to $36 million for the second quarter of fiscal year 2009, compared to $72 million for the corresponding period last year. For the six-month period ended July 31, 2008, net financing expense reached $57 million, compared to $141 million for the same period last year. The $36-million and $84-million decreases are mainly due to higher interest income on cash and cash equivalents, lower interest expense on long-term debt and higher interest income on invested collateral; partially offset by lower financing income on loans and lease receivables.

The special item for the three- and six-month periods ended July 31, 2007 relates to the write-off of the carrying value of Bombardier Transportation's investment in Metronet.

The effective income tax rate was 23.6% and 24.1% respectively for the three- and six-month periods ending July 31, 2008, compared to the statutory income tax rate of 31.5%. The lower effective tax rates are mainly due to the positive impact of the recognition of tax benefits related to operating losses and temporary differences as well as the lower effective income tax rates of foreign investees, partially offset by permanent differences.

As a result, net income amounted to $246 million, or $0.14 per share, for the second quarter of fiscal year 2009, compared to a net loss of $71 million, or $0.05 loss per share, for the same period the previous year. For the first semester of fiscal year 2009, net income was $472 million, or $0.26 per share, compared to $8 million, or nil per share, for the same period the previous year.

For the three-month period ended July 31, 2008, free cash flow totalled $99 million, compared to $633 million for the corresponding period the previous year. For the semester ended July 31, 2008, free cash flow totalled $659 million, compared to $479 million for the corresponding period the previous year.

As at July 31, 2008, Bombardier's order backlog stood at $57.2 billion, compared to $53.6 billion as at January 31, 2008.

Bombardier Aerospace

- Revenues of $2.5 billion

- EBITDA of $343 million, or 13.6% of revenues

- EBIT of $238 million, or 9.5% of revenues

- Free cash flow of $100 million

- Net orders of 175 aircraft (book-to-bill ratio of 2.0)

- Order backlog of $26.1 billion

Bombardier Aerospace's revenues amounted to $2.5 billion for the three-month period ended July 31, 2008, compared to $2.2 billion for the same period the previous year. The increase is mainly due to an increase in manufacturing revenues reflecting increased deliveries and improved selling prices for business aircraft; partially offset by lower deliveries of commercial aircraft, mainly of smaller turboprops.

For the second quarter ended July 31, 2008, EBIT reached $238 million, or 9.5% of revenues, compared to $133 million, or 6% of revenues for the same period the previous year ($200 million, or 9% before EOAPC charge of $67 million). The 0.5 percentage-point increase is mainly due to improved selling prices for business aircraft, and better absorption of charges due to higher revenues; partially offset by the negative impact of the strengthening of the Canadian dollar versus the U.S. dollar as well as the higher cost of materials due to price escalations, higher selling expenses as a result of increased activities, and a negative variance on certain financial instruments carried at fair value.

Free cash flow totalled $100 million for the second quarter ended July 31, 2008, compared to $477 million for the same period last fiscal year. The $377-million decrease is mainly due to a negative period-over-period variation in net change in non-cash balances related to operations; partially offset by higher profitability.

For the quarter ended July 31, 2008, aircraft deliveries totalled 89, compared to 78 for the same period the previous year. The 89 deliveries consisted of 66 business aircraft and 23 commercial aircraft (49 and 29 aircraft respectively for the corresponding period last fiscal year).

Bombardier Aerospace received 175 net orders during the quarter ended July 31, 2008, compared to 187 during the corresponding period the previous year. The 175 orders consisted of 162 business aircraft, 11 commercial aircraft and two amphibious aircraft (103 business and 84 commercial aircraft for the corresponding period last fiscal year). Major orders came from VistaJet of Switzerland for 35 firm orders (11 Challenger 605, 13 Learjet 60 XR and 11 Learjet 85 aircraft) and options for 25 additional aircraft, for a value of approximately $1.2 billion if all options are exercised, and from an undisclosed European customer for 110 Learjet 60 XR aircraft, including 25 firm and 85 conditional orders, for a value of approximately $1.5 billion if all conditional orders are confirmed.

Bombardier Aerospace's firm order backlog reached $ 26.1 billion as at July 31, 2008, compared to $22.7 billion as at January 31, 2008. The 15% increase reflects a strong order intake, mainly in business aircraft.

Bombardier Transportation

- Revenues of $2.4 billion

- EBITDA of $152 million, or 6.3% of revenues

- EBIT of $120 million, or 5% of revenues

- Free cash flow of $105 million

- New order intake totalling $2.1 billion (book-to-bill ratio of 0.9)

- Order backlog of $31.1 billion

Bombardier Transportation's revenues amounted to $2.4 billion for the three-month period ended July 31, 2008, compared to $1.8 billion for the same period last year. The $585-million improvement is mainly due to the Rolling stock division's increased activity in the regional train segment, mainly in Western Europe, in the locomotive segment in Europe, and in the North American region. The increase also reflects a positive currency impact amounting to $226 million.

For the second quarter ended July 31, 2008, EBIT totalled $120 million, or 5% of revenues, compared to an EBIT before special item of $80 million, or 4.4% of revenues, for the same quarter the previous year. The 0.6 percentage-point increase is mainly due to better contract execution in services, a better absorption of selling, general and administration, research and development costs as well as amortization expenses due to higher revenues and a net gain on foreign exchange and certain financial instruments carried at fair value; partially offset by lower margin in rolling stock due to a large number of contracts in the start-up phase and to a margin deterioration on a specific contract in North America.

Free cash flow was $105 million for the quarter ended July 31, 2008, compared to $296 million for the same period last fiscal year. The $191-million decrease is mainly due to a negative period-over-period variation in net change in non-cash balances related to operations; partially offset by higher profitability before the non-cash special item.

The order intake for the second quarter ended July 31, 2008 was $2.1 billion, compared to $1.3 billion for the same period last fiscal year, for a book-to-bill ratio of 0.9 in the context of a 32% increase in revenues. One of the major orders came from SJ AB, for 20 four-car REGINA high-speed trains for a value of approximately $349 million.

Bombardier Transportation's backlog stood at $31.1 billion as at July 31, 2008, compared to $30.9 billion as at January 31, 2008. The increase is due to the strengthening of the euro compared to the U.S. dollar as at July 31, 2008 compared to January 31, 2008, partially offset by a lower order intake compared to the revenues recorded.

DIVIDENDS ON COMMON SHARES

Class A and Class B Shares

A quarterly dividend of $0.025 Cdn per share on Class A Shares (Multiple Voting) and of $0.025 Cdn per share on Class B Shares (Subordinate Voting) is payable on October 31, 2008 to the shareholders of record at the close of business on October 17, 2008.

Holders of Class B Shares (Subordinate Voting) of record at the close of business on October 17, 2008 also have a right to a priority quarterly dividend of $0.000390625 Cdn per share.

DIVIDENDS ON PREFERRED SHARES

Series 2 Preferred Shares

A monthly dividend of $0.09896 Cdn per share on Series 2 Preferred Shares has been paid on June 15, on July 15, and on August 15, 2008.

Series 3 Preferred Shares

A quarterly dividend of $0.32919 Cdn per share on Series 3 Preferred Shares is payable on October 31, 2008 to the shareholders of record at the close of business on October 17, 2008.

Series 4 Preferred Shares

A quarterly dividend of $0.390625 Cdn per share on Series 4 Preferred Shares is payable on October 31, 2008 to the shareholders of record at the close of business on October 17, 2008.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2008, were $17.5 billion, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com

Challenger, Challenger 605, CSeries, Learjet, Learjet 60, Learjet 85, REGINA and XR are trademarks of Bombardier Inc. or its subsidiaries.

The Management's Discussion and Analysis and the consolidated financial statements are available at www.bombardier.com.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "plan", "foresee", "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. By their nature, forward-looking statements require Bombardier Inc. (the "Corporation") to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause the Corporation's actual results in future periods to differ materially from forecasted results. While the Corporation considers its assumptions to be reasonable and appropriate based on current information available, there is a risk that they may not be accurate. For additional information with respect to the assumptions underlying the forward-looking statements made in this press release, please refer to the respective Management's Discussion and Analysis ("MD&A") sections of the Corporation's aerospace segment and the Corporation's transportation segment in the Corporation's annual report for fiscal year 2008.

Certain factors that could cause actual results to differ materially from those anticipated in the forward-looking statements include risks associated with general economic conditions, risks associated with the Corporation's business environment (such as the financial condition of the airline industry), operational risks (such as risks associated with doing business with partners, risks involved in developing new products and services, product performance warranty, casualty claim losses, risks from regulatory and legal proceedings, environmental risks, risks relating to the Corporation's dependence on certain customers and suppliers, human resource risks and risks resulting from fixed-term commitments), financing risks (such as risks resulting from reliance on government support, risks relating to financing support provided on behalf of certain customers, risks relating to liquidity and access to capital markets, risks relating to the terms of certain restrictive debt covenants) and market risks (including foreign currency fluctuations, changing interest rates and commodity pricing risk). For more details, see the Risks and Uncertainties section of the MD&A of the Corporation's annual report for fiscal year 2008. Readers are cautioned that the foregoing list of factors that may affect future growth, results and performance is not exhaustive and undue reliance should not be placed on forward-looking statements. The forward-looking statements set forth herein reflect the Corporation's expectations as at the date of this press release and are subject to change after such date. Unless otherwise required by applicable securities laws, the Corporation expressly disclaims any intention, and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CAUTION REGARDING NON-GAAP EARNINGS MEASURES

This press release is based on reported earnings in accordance with Canadian generally accepted accounting principles (GAAP). It is also based on EBITDA, EBIT, and EPS, before special item, EBIT before EOAPC charge and Free cash flow. These non-GAAP measures are directly derived from the Consolidated Financial Statements, but do not have a standardized meaning prescribed by GAAP; therefore, others using these terms may calculate them differently. Management believes that a significant number of the users of its MD&A analyze the Corporation's results based on these performance measures and this presentation is consistent with industry practice.

SOURCE: Bombardier Inc.

Bombardier Inc.
Isabelle Rondeau
Director, Communications
514-861-9481
Bombardier Inc.
Shirley Chenier
Senior Director, Investor Relations
514-861-9481
www.bombardier.com

- EBIT of $358 million, compared to an EBIT before special item of $213 million last fiscal year

- Net income of $246 million, compared to a net loss of $71 million last fiscal year

- Earnings per share of $0.14, compared to a loss per share of $0.05 (profit of $0.05 before special item) last fiscal year

- Solid cash position at $4.3 billion

- Backlog of $57.2 billion

- Launch of the CSeries aircraft program in July at the Farnborough Airshow

MONTREAL, QUEBEC--(Marketwire - September 04, 2008) - (All amounts in this press release are in U.S. dollars unless otherwise indicated.)

Bombardier (TSX: BBD.A)(TSX: BBD.B) today reported another quarter of strong financial results. Revenues for the second quarter ended July 31, 2008 increased by 22% to reach $4.9 billion. Earnings before financing income, financing expense and income taxes (EBIT) totalled $358 million, compared to an EBIT before special item of $213 million last fiscal year ($280 million before an excess-over-average production cost (EOAPC) charge of $67 million last fiscal year). EBIT margin reached 7.3% compared to last year's 5.3% before special item (6.9% before EOAPC charge).

Net income amounted to $246 million, compared to a net loss of $71 million for the same period last fiscal year. Earnings per share (EPS) reached $0.14, compared to a loss of $0.05 last fiscal year (profit of $0.05 before special item). Free cash flow (cash flows from operating activities less net additions to property, plant and equipment) totalled $99 million, compared to $633 million last fiscal year. The cash position remains strong at $4.3 billion as at July 31, 2008, compared to $3.6 billion as at January 31, 2008. The overall backlog rose to $57.2 billion, compared to $53.6 billion as at January 31, 2008.

"Both groups have delivered solid results again this quarter. Performance on our large backlog has strongly contributed to the generation of $0.14 earnings per share this quarter, compared to $0.05 last year," said Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc.

"At Bombardier Aerospace, Business Aircraft recorded a high level of new orders and deliveries, showing the continued popularity of its wide array of products. In line with its leadership position and commitment to product innovation, Bombardier Aerospace launched the CSeries family of aircraft during the Farnborough Airshow this past July. This new game-changing 110- and 130-seat family of aircraft will benefit from the latest technological advances, including increased use of composites, a next-generation engine and the very latest in system technologies.

During the quarter, Bombardier Transportation also received a good level of new orders as evidenced by its book-to-bill ratio of 0.9, and this, in the context of a 32% increase in revenues. Our extensive range of products and geographic diversification, already reflected in our backlog, bode well for future revenues. And we will continue to leverage our strengths and focus on execution and costs to maximize business opportunities," added Mr. Beaudoin.

In order to increase the relative majority of independent members sitting on the Bombardier Board of Directors, both groups' Presidents and Chief Operating Officers will no longer be members of the Board, but they will continue to attend Board meetings as required. Consequently, on September 3, 2008, Andre Navarri resigned as a member of the Board, bringing the total number of Board members to 13, eight of whom are independent.

Bombardier Aerospace

Bombardier Aerospace's revenues totalled $2.5 billion compared to $2.2 billion last fiscal year. EBIT improved by $105 million to reach $238 million. This translates into an EBIT margin of 9.5% for the second quarter ended July 31, 2008, compared to 6% last fiscal year (9% before EOAPC charge). Bombardier Aerospace's backlog rose to $26.1 billion as at July 31, 2008, compared to $22.7 billion as at January 31, 2008, reflecting a solid level of 175 net orders, while 89 aircraft were delivered.

The business aircraft market continues to be strong as illustrated by 162 net orders, compared to 103 last fiscal year, while 66 deliveries were completed, compared to 49 for the same period last fiscal year, for a book-to-bill ratio of 2.5. Bombardier Aerospace received significant orders during the quarter showing the strength of its product-offering: in addition to the order from VistaJet of Switzerland for up to 60 business aircraft, with 35 firm orders, an undisclosed customer ordered 110 Learjet 60 XR aircraft, of which 25 are firm. Together, these two orders represent a total value of approximately $2.7 billion, if all options are exercised and if all conditional orders are confirmed.

As proof ot its relentless commitment to designing and manufacturing innovative aircraft, Bombardier Aerospace announced the launch of the CSeries family of aircraft, with a letter of interest from Lufthansa for up to 60 aircraft, including 30 options.

Bombardier Transportation

Bombardier Transportation revenues rose to $2.4 billion, an increase of $585 million over the same period last fiscal year. EBIT totalled $120 million, compared to an EBIT before special item of $80 million last fiscal year, while EBIT margin reached 5% versus 4.4% before special item. The order backlog stood at $31.1 billion as at July 31, 2008.

Bombardier Transportation reported new orders worth $2.1 billion, compared to $1.3 billion last fiscal year, leading to a book-to-bill ratio of 0.9 in the context of a 32% increase in revenues. The most important order came from the Swedish State Railway SJ AB for 20 REGINA high-speed trains (80 cars), valued at approximately $349 million.

Subsequent to the quarter, Bombardier Transportation received two orders for dual-powered locomotives in North America. One from New Jersey Transit Corporation for 26 locomotives, valued at approximately $262 million and the other from Agence Metropolitaine de Transport of Montreal for 20 locomotives and spare parts, valued at approximately $223 million. A first in North America, the new dual-powered locomotives will be capable of operating under both diesel power and alternating current electric power and support operators in their commitment to provide modern, efficient, environmentally-friendly passenger rail service.

Also subsequent to the quarter, Bombardier Transportation was awarded a 14-year contract by RENFE, the Spanish National Rail Operator, for the maintenance of 45 AVE S-130 high-speed trains, for a value of approximately $202 million.

Financial highlights (unaudited, in millions of U.S. dollars, except per share amounts, which are shown in dollars) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Three-month periods ended July 31 ------------------------------------------------------------------------- 2008 2007 ------------------------------------------------------------------------- BA BT Total BA BT Total ------------------------------------------------------------------------- Revenues $2,516 $2,416 $4,932 $2,210 $1,831 $4,041 ------------------------------------------------------------------------- EBITDA before special item $343 $152 $495 $236 $106 $342 Amortization 105 32 137 103 26 129 ------------------------------------------------------------------------- EBIT before special item $238 $120 358 $133 $80 213 Financing income (82) (55) Financing expense 118 127 ------------------------------------------------------------------------- EBT before special item 322 141 Special item - 162 ------------------------------------------------------------------------- EBT 322 (21) Income taxes 76 50 ------------------------------------------------------------------------- Net income (loss) $246 $(71) ------------------------------------------------------------------------- -------------------------------------------------------------------------

Basic and diluted earnings (loss) per share $0.14 $(0.05) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Segmented free cash flow $100 $105 $205 $477 $296 $773 Income taxes and net financing expense (106) (140) ------------------------------------------------------------------------- Free cash flow $99 $633 ------------------------------------------------------------------------- -------------------------------------------------------------------------

Six-month periods ended July 31 ------------------------------------------------------------------------- 2008 2007 ------------------------------------------------------------------------- BA BT Total BA BT Total ------------------------------------------------------------------------- Revenues $4,896 $4,825 $9,721 $4,470 $3,538 $8,008 ------------------------------------------------------------------------- EBITDA before special item $654 $302 $956 $452 $204 $656 Amortization 210 67 277 207 53 260 ------------------------------------------------------------------------- EBIT before special item $444 $235 679 $245 $151 396 Financing income (143) (106) Financing expense 200 247 ------------------------------------------------------------------------- EBT before special item 622 255 Special item - 162 ------------------------------------------------------------------------- EBT 622 93 Income taxes 150 85 ------------------------------------------------------------------------- Net income $472 $8 ------------------------------------------------------------------------- -------------------------------------------------------------------------

Basic and diluted earnings per share $0.26 $- ------------------------------------------------------------------------- ------------------------------------------------------------------------- Segmented free cash flow $390 $363 $753 $543 $128 $671 Income taxes and net financing expense (94) (192) ------------------------------------------------------------------------- Free cash flow $659 $479 ------------------------------------------------------------------------- ------------------------------------------------------------------------- BA: Aerospace; BT: Transportation

FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JULY 31, 2008

ANALYSIS OF RESULTS

Consolidated results

Consolidated revenues totalled $4.9 billion for the second quarter ended July 31, 2008, compared to $4 billion for the same period last year. For the six-month period ended July 31, 2008, consolidated revenues reached $9.7 billion, compared to $8 billion for the same period last year.

For the second quarter ended July 31, 2008, EBIT reached $358 million, or 7.3% of revenues, compared to an EBIT before special item of $213 million, or 5.3% of revenues, for the same period the previous year. For the semester ended July 31, 2008, EBIT amounted to $679 million, or 7% of revenues, compared to an EBIT before special item of $396 million, or 4.9% of revenues, for the same period last fiscal year.

Net financing expense amounted to $36 million for the second quarter of fiscal year 2009, compared to $72 million for the corresponding period last year. For the six-month period ended July 31, 2008, net financing expense reached $57 million, compared to $141 million for the same period last year. The $36-million and $84-million decreases are mainly due to higher interest income on cash and cash equivalents, lower interest expense on long-term debt and higher interest income on invested collateral; partially offset by lower financing income on loans and lease receivables.

The special item for the three- and six-month periods ended July 31, 2007 relates to the write-off of the carrying value of Bombardier Transportation's investment in Metronet.

The effective income tax rate was 23.6% and 24.1% respectively for the three- and six-month periods ending July 31, 2008, compared to the statutory income tax rate of 31.5%. The lower effective tax rates are mainly due to the positive impact of the recognition of tax benefits related to operating losses and temporary differences as well as the lower effective income tax rates of foreign investees, partially offset by permanent differences.

As a result, net income amounted to $246 million, or $0.14 per share, for the second quarter of fiscal year 2009, compared to a net loss of $71 million, or $0.05 loss per share, for the same period the previous year. For the first semester of fiscal year 2009, net income was $472 million, or $0.26 per share, compared to $8 million, or nil per share, for the same period the previous year.

For the three-month period ended July 31, 2008, free cash flow totalled $99 million, compared to $633 million for the corresponding period the previous year. For the semester ended July 31, 2008, free cash flow totalled $659 million, compared to $479 million for the corresponding period the previous year.

As at July 31, 2008, Bombardier's order backlog stood at $57.2 billion, compared to $53.6 billion as at January 31, 2008.

Bombardier Aerospace

- Revenues of $2.5 billion - EBITDA of $343 million, or 13.6% of revenues - EBIT of $238 million, or 9.5% of revenues - Free cash flow of $100 million - Net orders of 175 aircraft (book-to-bill ratio of 2.0) - Order backlog of $26.1 billion

Bombardier Aerospace's revenues amounted to $2.5 billion for the three-month period ended July 31, 2008, compared to $2.2 billion for the same period the previous year. The increase is mainly due to an increase in manufacturing revenues reflecting increased deliveries and improved selling prices for business aircraft; partially offset by lower deliveries of commercial aircraft, mainly of smaller turboprops.

For the second quarter ended July 31, 2008, EBIT reached $238 million, or 9.5% of revenues, compared to $133 million, or 6% of revenues for the same period the previous year ($200 million, or 9% before EOAPC charge of $67 million). The 0.5 percentage-point increase is mainly due to improved selling prices for business aircraft, and better absorption of charges due to higher revenues; partially offset by the negative impact of the strengthening of the Canadian dollar versus the U.S. dollar as well as the higher cost of materials due to price escalations, higher selling expenses as a result of increased activities, and a negative variance on certain financial instruments carried at fair value.

Free cash flow totalled $100 million for the second quarter ended July 31, 2008, compared to $477 million for the same period last fiscal year. The $377-million decrease is mainly due to a negative period-over-period variation in net change in non-cash balances related to operations; partially offset by higher profitability.

For the quarter ended July 31, 2008, aircraft deliveries totalled 89, compared to 78 for the same period the previous year. The 89 deliveries consisted of 66 business aircraft and 23 commercial aircraft (49 and 29 aircraft respectively for the corresponding period last fiscal year).

Bombardier Aerospace received 175 net orders during the quarter ended July 31, 2008, compared to 187 during the corresponding period the previous year. The 175 orders consisted of 162 business aircraft, 11 commercial aircraft and two amphibious aircraft (103 business and 84 commercial aircraft for the corresponding period last fiscal year). Major orders came from VistaJet of Switzerland for 35 firm orders (11 Challenger 605, 13 Learjet 60 XR and 11 Learjet 85 aircraft) and options for 25 additional aircraft, for a value of approximately $1.2 billion if all options are exercised, and from an undisclosed European customer for 110 Learjet 60 XR aircraft, including 25 firm and 85 conditional orders, for a value of approximately $1.5 billion if all conditional orders are confirmed.

Bombardier Aerospace's firm order backlog reached $ 26.1 billion as at July 31, 2008, compared to $22.7 billion as at January 31, 2008. The 15% increase reflects a strong order intake, mainly in business aircraft.

Bombardier Transportation

- Revenues of $2.4 billion - EBITDA of $152 million, or 6.3% of revenues - EBIT of $120 million, or 5% of revenues - Free cash flow of $105 million - New order intake totalling $2.1 billion (book-to-bill ratio of 0.9) - Order backlog of $31.1 billion

Bombardier Transportation's revenues amounted to $2.4 billion for the three-month period ended July 31, 2008, compared to $1.8 billion for the same period last year. The $585-million improvement is mainly due to the Rolling stock division's increased activity in the regional train segment, mainly in Western Europe, in the locomotive segment in Europe, and in the North American region. The increase also reflects a positive currency impact amounting to $226 million.

For the second quarter ended July 31, 2008, EBIT totalled $120 million, or 5% of revenues, compared to an EBIT before special item of $80 million, or 4.4% of revenues, for the same quarter the previous year. The 0.6 percentage-point increase is mainly due to better contract execution in services, a better absorption of selling, general and administration, research and development costs as well as amortization expenses due to higher revenues and a net gain on foreign exchange and certain financial instruments carried at fair value; partially offset by lower margin in rolling stock due to a large number of contracts in the start-up phase and to a margin deterioration on a specific contract in North America.

Free cash flow was $105 million for the quarter ended July 31, 2008, compared to $296 million for the same period last fiscal year. The $191-million decrease is mainly due to a negative period-over-period variation in net change in non-cash balances related to operations; partially offset by higher profitability before the non-cash special item.

The order intake for the second quarter ended July 31, 2008 was $2.1 billion, compared to $1.3 billion for the same period last fiscal year, for a book-to-bill ratio of 0.9 in the context of a 32% increase in revenues. One of the major orders came from SJ AB, for 20 four-car REGINA high-speed trains for a value of approximately $349 million.

Bombardier Transportation's backlog stood at $31.1 billion as at July 31, 2008, compared to $30.9 billion as at January 31, 2008. The increase is due to the strengthening of the euro compared to the U.S. dollar as at July 31, 2008 compared to January 31, 2008, partially offset by a lower order intake compared to the revenues recorded.

DIVIDENDS ON COMMON SHARES

Class A and Class B Shares

A quarterly dividend of $0.025 Cdn per share on Class A Shares (Multiple Voting) and of $0.025 Cdn per share on Class B Shares (Subordinate Voting) is payable on October 31, 2008 to the shareholders of record at the close of business on October 17, 2008.

Holders of Class B Shares (Subordinate Voting) of record at the close of business on October 17, 2008 also have a right to a priority quarterly dividend of $0.000390625 Cdn per share.

DIVIDENDS ON PREFERRED SHARES

Series 2 Preferred Shares

A monthly dividend of $0.09896 Cdn per share on Series 2 Preferred Shares has been paid on June 15, on July 15, and on August 15, 2008.

Series 3 Preferred Shares

A quarterly dividend of $0.32919 Cdn per share on Series 3 Preferred Shares is payable on October 31, 2008 to the shareholders of record at the close of business on October 17, 2008.

Series 4 Preferred Shares

A quarterly dividend of $0.390625 Cdn per share on Series 4 Preferred Shares is payable on October 31, 2008 to the shareholders of record at the close of business on October 17, 2008.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2008, were $17.5 billion, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com

Challenger, Challenger 605, CSeries, Learjet, Learjet 60, Learjet 85, REGINA and XR are trademarks of Bombardier Inc. or its subsidiaries.

The Management's Discussion and Analysis and the consolidated financial statements are available at www.bombardier.com.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "plan", "foresee", "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. By their nature, forward-looking statements require Bombardier Inc. (the "Corporation") to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause the Corporation's actual results in future periods to differ materially from forecasted results. While the Corporation considers its assumptions to be reasonable and appropriate based on current information available, there is a risk that they may not be accurate. For additional information with respect to the assumptions underlying the forward-looking statements made in this press release, please refer to the respective Management's Discussion and Analysis ("MD&A") sections of the Corporation's aerospace segment and the Corporation's transportation segment in the Corporation's annual report for fiscal year 2008.

Certain factors that could cause actual results to differ materially from those anticipated in the forward-looking statements include risks associated with general economic conditions, risks associated with the Corporation's business environment (such as the financial condition of the airline industry), operational risks (such as risks associated with doing business with partners, risks involved in developing new products and services, product performance warranty, casualty claim losses, risks from regulatory and legal proceedings, environmental risks, risks relating to the Corporation's dependence on certain customers and suppliers, human resource risks and risks resulting from fixed-term commitments), financing risks (such as risks resulting from reliance on government support, risks relating to financing support provided on behalf of certain customers, risks relating to liquidity and access to capital markets, risks relating to the terms of certain restrictive debt covenants) and market risks (including foreign currency fluctuations, changing interest rates and commodity pricing risk). For more details, see the Risks and Uncertainties section of the MD&A of the Corporation's annual report for fiscal year 2008. Readers are cautioned that the foregoing list of factors that may affect future growth, results and performance is not exhaustive and undue reliance should not be placed on forward-looking statements. The forward-looking statements set forth herein reflect the Corporation's expectations as at the date of this press release and are subject to change after such date. Unless otherwise required by applicable securities laws, the Corporation expressly disclaims any intention, and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CAUTION REGARDING NON-GAAP EARNINGS MEASURES

This press release is based on reported earnings in accordance with Canadian generally accepted accounting principles (GAAP). It is also based on EBITDA, EBIT, and EPS, before special item, EBIT before EOAPC charge and Free cash flow. These non-GAAP measures are directly derived from the Consolidated Financial Statements, but do not have a standardized meaning prescribed by GAAP; therefore, others using these terms may calculate them differently. Management believes that a significant number of the users of its MD&A analyze the Corporation's results based on these performance measures and this presentation is consistent with industry practice.

Contacts: Bombardier Inc. Isabelle Rondeau Director, Communications 514-861-9481

Bombardier Inc. Shirley Chenier Senior Director, Investor Relations 514-861-9481 www.bombardier.com

SOURCE: Bombardier

"Bombardier Commercial Aircraft's product portfolio is ideally suited for the Indian market," said Trung Ngo, Bombardier Commercial Aircraft's Vice President, Sales, for the Asia-Pacific market. "For short-haul operations, the Q400 NextGen airliner is a fast, fuel-efficient and lower-emission 70- to 80-seat large turboprop. In medium-haul applications, CRJ NextGen aircraft are the benchmarks for regional jet efficiency in the 60- to 100-seat segment. For longer routes, the recently launched CSeries airliners are the world's newest and most advanced single-aisle aircraft designed specifically for 110- to 130-seat comfort and setting new standards in technology, fuel efficiency and reduced environmental impact."

Mr. Ngo leads Bombardier Commercial Aircraft's "Team India" efforts with support from aviation sales executives Sunder Venkat, Sales Director - India, and Ryan Debrusk, Sales Director - Asia-Pacific region.

India Aviation 2008, the first international exhibition of its kind being held in India within the civil aviation sector, will be held at Hyderabad Airport from October 15 to 18. It is anticipated that 150 companies from over 30 countries will participate in the four-day event. Four Bombardier aircraft will be on static display and Bombardier will be located at exhibit hall A-37 and chalet 15.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2008, were $17.5 billion, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com

Bombardier, Learjet 60 XR, Challenger 605, Global Express XRS and CRJ900 NextGen are trademarks of Bombardier Inc. or its subsidiaries.

SOURCE: Bombardier Aerospace

Bombardier Aerospace
Marc Duchesne
514-855-7989
www.bombardier.com