Bombardier Learjet and Governor Parkinson Announce Financing Agreement to Secure Learjet 85 Production in Wichita
Fri, 07/30/2010 - 8:35am
The Associated Press

http://www.bombardier.com () —

Kansas Governor Mark Parkinson and Bombardier Business Aircraft
President, Steve Ridolfi today announced the details of a formal
agreement that will secure production of the all-new midsize Learjet
85 aircraft at Bombardier Learjet in Wichita.

The agreement includes $27 million in bond financing from the State of
Kansas which will be invested in improvements to Learjet's Wichita
facility in order to prepare for the eventual production of the
Learjet 85 business aircraft. Modification plans to the Learjet campus
include an all-new paint facility, customer delivery centre,
production flight test facility and expanded production hangars for
the final assembly of the Learjet 85 aircraft.

"The State of Kansas' generous support of our business will help
secure Learjet's future in Wichita, the birthplace of Learjet
aircraft, and help ensure that the success Learjet has enjoyed for
over 45 years continues to prosper with the addition of new programs
like the Learjet 85 aircraft," said Steve Ridolfi, President,
Bombardier Business Aircraft.

Bombardier Aerospace continues to invest in both current production
Learjet aircraft as well as innovative products such as the all new
Learjet 85 midsize jet.

"This is great news for Wichita and the entire state as we continue to
further our economic recovery in Kansas. The agreement reached is a
responsible investment that will not only keep hard working employees
of Bombardier, but also create jobs and promote our state's rich
aviation industry," said Governor Parkinson

Launched on October 30, 2007, the new Learjet 85 aircraft is on
schedule for entry into service in 2013.

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, 2010, were $19.4 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
(http://www.bombardier.com) .

Note to Editors

Bombardier, Learjet, and Learjet 85 are either registered or
unregistered trademarks of Bombardier Inc. or its subsidiaries.

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