Bombardier

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MONTREAL, QUEBEC--(Marketwire - April 1, 2010) - Bombardier Inc. (TSX: BBD.A
<http://www.marketwire.com/mw/stock.jsp?Ticker=TSX:BBD-A>)(TSX: BBD.B
<http://www.marketwire.com/mw/stock.jsp?Ticker=TSX:BBD-B>)

(All amounts in this press release are in U.S. dollars unless otherwise
indicated.)
Fiscal year highlights

--  Consolidated revenues of $19.4 billion, compared to $19.7 billion last
    fiscal year
--  EBITDA of $1.6 billion, compared to $2 billion last fiscal year
--  EBIT of $1.1 billion, compared to $1.4 billion last fiscal year
--  Net income of $707 million (EPS of $0.39), compared to $1 billion (EPS
    of $0.56) last fiscal year
--  Free cash flow usage of $215 million, compared to a free cash flow of
    $342 million last fiscal year
--  Strong cash position of $3.4 billion
--  Backlog of $43.8 billion
--  Subsequent to year-end, implementation of a long-term debt-refinancing
    plan resulting in the extension of debt maturities and a cash increase
    of approximately $500 million

Bombardier today reported good overall financial results for the fourth quarter
and the year ended January 31, 2010 in a difficult economic environment.
Revenues reached $19.4 billion, compared to $19.7 billion last fiscal year.
Earnings before financing income, financing expense and income taxes (EBIT)
totalled $1.1 billion, compared to $1.4 billion last fiscal year. EBIT margin at
5.7% compares to last year's 7.2%. Net income reached $707 million, compared to
$1 billion last fiscal year. Diluted earnings per share (EPS) reached $0.39,
compared to $0.56 last fiscal year.

Free cash flow (cash flows from operating activities less net additions to
property, plant and equipment and intangible assets) usage of $215 million
compared to a free cash flow of $342 million last fiscal year. The cash position
remained strong at $3.4 billion as at January 31, 2010, a level similar to
January 31, 2009. The overall backlog stood at $43.8 billion as at January
31, 2010, compared to $48.2 billion as at January 31, 2009.

"Against a challenging economic backdrop, we delivered good financial results.
We took the downturn as an opportunity to fine-tune the way we operate in order
to execute better and cut costs intelligently, said Pierre Beaudoin, President
and Chief Executive Officer, Bombardier Inc."

"In Aerospace, we took the necessary steps to adapt to the economic reality by
carefully monitoring capital expenditures and reducing our production rates for
both business and regional jets. We met our target deliveries and increased our
market share in both segments. Keeping our sight on the long term, we continued
to invest in the development of our new flagship products, the Learjet 85
business jet and the CSeries commercial aircraft for which we have now received
90 orders."

"The rail market remained resilient. Bombardier Transportation increased both
revenues and profitability. The group posted a 6.2% EBIT margin exceeding the
6% target set four years ago. The level of activity in traditional markets
remained robust and we won breakthrough contracts such as the order for 80
ZEFIRO very high speed trains in China and, more recently, an $11-billion
framework agreement with the SNCF for regional trains."

"Sharpening our execution, investing in our people and products, being socially
responsible: these are the drivers of profitable growth at Bombardier,"
concluded Mr. Beaudoin.

In March 2010, Bombardier Inc. issued $1.5 billion of unsecured long-term debt
maturing in calendar years 2018 and 2020. The proceeds are intended to be used
to repurchase approximately $1 billion of existing long-term debt maturing from
calendar years 2012 to 2014, thus extending Bombardier's debt maturity profile.
The balance of approximately $500 million will be used for general corporate
purposes.

Bombardier Aerospace

At Bombardier Aerospace, revenues totalled $9.4 billion compared to $10 billion
last fiscal year, while EBIT reached $473 million, or 5.1% of revenues, compared
to $896 million, or 9%, for the same period last year. Bombardier Aerospace's
backlog reached $16.7 billion as at January 31, 2010, compared to $23.5 billion
at the same date last year.

The group recorded 11 net orders (213 gross orders and 202 cancellations) in
fiscal year 2010, compared to 367 net orders (423 gross orders and 56
cancellations) last fiscal year. Deliveries totalled 302 aircraft, versus 349
last fiscal year.

Bombardier Aerospace delivered 176 business aircraft in fiscal year 2010,
compared to 235 aircraft last year. In spite of this lower level of deliveries,
Business aircraft increased its revenue market share leadership to 32% compared
to 31% last year. Commercial Aircraft delivered 121 units in fiscal year 2010,
compared to 110 aircraft in the previous year and also increased its market
share to 44% this year from 37% last year. Bombardier Aerospace expects to
deliver approximately 15% less business aircraft and 20% fewer commercial
aircraft in fiscal year 2011, compared to the previous fiscal year.

The development of new aircraft programs is evolving as planned. Flight testing
on the CRJ1000 NextGen aircraft has resumed in February 2010 and its entry into
service is scheduled for the second half of calender year 2010. The construction
of a new manufacturing facility for key components of the Learjet 85 aircraft
has begun in Queretaro, Mexico. The CSeries' Complete Integrated Aircraft Test
Area (CIASTA) systems testing facility in Mirabel, Canada and the
wing-manufacturing facility in Belfast, U.K., are also under construction.

In February 2010, Republic Airways Holdings Inc. signed an agreement to purchase
40 CSeries CS300 aircraft, with options for an additional 40 CS300 aircraft. The
value of this contract, based on list price, is $3.1 billion which could
increase to $6.3 billion if all options are exercised. Including this order, the
backlog for the CSeries family of aircraft now stands at 90 firm orders.

Bombardier Transportation

Bombardier Transportation's revenues totalled $10 billion, compared to $9.8
billion last fiscal year. EBIT reached $625 million, compared to $533 million
for last fiscal year. This represents an EBIT margin of 6.2%, versus 5.5% last
fiscal year, exceeding the 6% target set four years ago.

The group reported a solid new order intake of $9.6 billion, compared to $9.8
billion last fiscal year with a book-to-bill ratio of 1.0 for both fiscal years.
The order backlog stood at $27.1 billion as at January 31, 2010 compared to
$24.7 billion last year.

During the year, Bombardier Transportation continued to drive innovation related
to reliability, energy efficiency and total train performance for its customers
worldwide. As an illustration, the group, through one of its joint ventures in
China, signed a $4-billion landmark order to supply 80 ZEFIRO 380 very high
speed trains to the Ministry of Railways of China, of which Bombardier's share
represents $2.0 billion.

In February 2010, building on a successful year in both emerging and traditional
markets, Bombardier Transportation signed an $11-billion framework agreement
with the Societe Nationale des Chemins de fer Francais (SNCF) for the design and
manufacture of 860 double-deck electrical multiple units (EMUs). Two firm orders
for 129 trains valued at $1.6 billion were obtained subsequent to year-end under
this framework agreement.

Optimization of Bombardier Transportation's geographic footprint, a better mix
of contracts, improved execution and ongoing focus on reducing costs will
contribute to further EBIT margin growth while maintaining market leadership.

FINANCIAL HIGHLIGHTS
(Unaudited, in millions of U.S. dollars, except per
share amounts, which are shown in dollars)

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                                                          Fourth quarters
                                                         ended January 31
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                                       2010                       2009 (1)
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                       BA       BT    Total        BA        BT     Total
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Revenues         $  2,675  $ 2,677 $  5,352  $  2,777 $   2,652 $   5,429
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EBITDA           $    196  $   221 $    417  $    380 $     197 $     577
Amortization           90       39      129       109        30       139
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EBIT             $    106  $   182      288  $    271 $     167       438
Financing income                         (9)                          (47)
Financing expense                        69                           103
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EBT                                     228                           382
Income taxes                             49                            70
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Net income                         $    179                     $     312
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Attributable to:
  Shareholders of
   Bombardier
   Inc.                            $    177                     $     309
  Non-controlling
   interests                       $      2                     $       3
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EPS (in dollars):
  Basic                            $   0.10                     $    0.17
  Diluted                          $   0.10                     $    0.17
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Segmented free
 cash flow       $    212  $   372 $    584  $   (271)$     360 $      89
Income taxes and
 net financing
 expense                                (72)                         (180)
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Free cash flow                     $    512                     $     (91)
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                                                             Fiscal years
                                                         ended January 31
-------------------------------------------------------------------------
                                       2010                       2009 (1)
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                       BA       BT    Total        BA        BT     Total
-------------------------------------------------------------------------
Revenues         $  9,357  $10,009 $ 19,366  $  9,965 $   9,756 $  19,721
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EBITDA           $    844  $   752 $  1,596  $  1,327 $     657 $   1,984
Amortization          371      127      498       431       124       555
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EBIT             $    473  $   625    1,098  $    896 $     533     1,429
Financing income                        (96)                         (270)
Financing expense                       279                           408
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EBT                                     915                         1,291
Income taxes                            208                           265
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Net income                         $    707                     $   1,026
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Attributable to:
  Shareholders of
   Bombardier
   Inc.                            $    698                     $   1,008
  Non-controlling
   interests                       $      9                     $      18
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EPS (in dollars):
  Basic                            $   0.39                     $    0.57
  Diluted                          $   0.39                     $    0.56
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Segmented free
 cash flow       $    (267)$   293 $     26  $    128 $     480 $     608
Income taxes and
 net financing
 expense                               (241)                         (266)
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Free cash flow                     $   (215)                    $     342
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(1) Effective February 1, 2009, we elected to early adopt Section 1602
    "Non-controlling interests" (see the Accounting and reporting
    developments section in Other for further details).

BA: Bombardier Aerospace;  BT: Bombardier Transportation

FINANCIAL RESULTS FOR THE FOURTH QUARTER AND THE YEAR ENDED JANUARY 31, 2010

ANALYSIS OF RESULTS

Consolidated results

Consolidated revenues totalled $5.4 billion for the fourth quarter ended January
31, 2010, in line with the same period last fiscal year. For the year ended
January 31, 2010, consolidated revenues reached $19.4 billion, compared to $19.7
billion last year.

For the fourth quarter ended January 31, 2010, EBIT amounted to $288 million, or
5.4% of revenues, compared to $438 million, or 8.1%, for the same period the
previous year. For the year ended January 31, 2010, EBIT reached $1.1 billion,
or 5.7% of revenues, compared to $1.4 billion, or 7.2%, for the previous year.

Net financing expense amounted to $60 million and $183 million for the fourth
quarter and fiscal year ended January 31, 2010, compared to $56 million and $138
million for the corresponding periods last year. The $4-million and $45-million
increases are mainly due to lower interest income on cash and cash equivalent
and on invested collateral, and a net financing gain realized in fiscal year
2009 for long-term debt repurchases on the open market; partially offset by
lower interest expense on long-term debt after the effect of hedges, positive
variations in fair value of financial instruments and a loss related to the
write-off of deferred costs in connection with the BT portion of the previous
letter of credit facility recorded in the fourth quarter of fiscal year 2009.

The effective income tax rate was 21.5% and 22.7% respectively for the fourth
quarter and fiscal year ended 2010, compared to a statutory income tax rate of
31.3%. 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, partially offset by unrecognized tax benefits, permanent
differences and a write-down of deferred tax assets.

As a result, net income amounted to $179 million, or diluted EPS $0.10, for the
fourth quarter of fiscal year 2010, compared to $312 million, or diluted EPS
$0.17, for the same period the previous year. For the year ended January
31, 2010, net income was $707 million, or diluted EPS $0.39, compared to $1
billion, or diluted EPS $0.56, for the previous year.

For the three-month period ended January 31, 2010, free cash flow amounted to
$512 million, compared to a usage of $91 million for the corresponding period
the previous year. For the year ended January 31, 2010, free cash flow amounted
to a usage of $215 million, compared to a free cash flow of $342 million last
fiscal year.

As at January 31, 2010, Bombardier's order backlog stood at $43.8 billion,
compared to $48.2 billion as at January 31, 2009.

In the context of the upcoming implementation of the International Financial
Reporting Standards (IFRS) in fiscal year 2012 and related EBIT guidance, please
refer to the Management Discussion & Analysis (MD&A) sections of each group in
the Corporation's fiscal year 2010 annual report.

Bombardier Aerospace

--  Revenues of $2.7 billion for the fourth quarter; $9.4 billion for fiscal
    year 2010
--  EBITDA of $196 million for the fourth quarter; $844 million for fiscal
    year 2010
--  EBIT of $106 million, or 4% of revenues, for the fourth quarter; $473
    million, or 5.1%, for fiscal year 2010
--  Free cash flow of $212 million for the fourth quarter; free cash flow
    usage of $267 million for fiscal year 2010
--  Order backlog of $16.7 billion as at January 31, 2010
--  Signature of a CSeries aircraft firm order totalling 40 aircraft plus 40
    options in February 2010

Bombardier Aerospace's revenues amounted to $2.7 billion for the three-month
period ended January 31, 2010, compared to $2.8 billion for the same period the
previous year. The decrease is mainly due to lower manufacturing revenues,
mainly attributable to lower deliveries and selling prices for business
aircraft. Revenues amounted to $9.4 billion for the year ended January
31, 2010, compared to $10 billion for the previous year. The decrease is mainly
due to a decrease in manufacturing revenues, mainly attributable to lower
deliveries and selling prices for business aircraft, partially offset by a
higher percentage of medium and large business aircraft deliveries. The decrease
was also partially offset by higher revenues for commercial aircraft, mainly due
to higher deliveries.

For the fourth quarter ended January 31, 2010, EBIT amounted to $106 million, or
4% of revenues, compared to $271 million, or 9.8%, for the same period the
previous year. The 5.8 percentage-point decrease is mainly due to higher cost of
sales per unit mainly due to price escalations of materials, lower selling
prices for business aircraft, the mix between business and commercial aircraft
deliveries, and the net negative impact in other expense (income) from the
revaluation of certain balance sheet accounts in foreign currencies at the
balance sheet date; partially offset by higher write-down of inventories for the
fourth quarter ended January 31, 2009 compared to the fourth quarter of fiscal
year 2010, lower selling, general and administrative (SG&A) expenses mainly due
to lower business aircraft deliveries, lower amortization expense due to the
aerospace program tooling on some aircraft models being fully amortized, and
liquidated damages from customers mainly as a result of business aircraft order
cancellations.

For the year ended January 31, 2010, EBIT amounted to $473 million, or 5.1% of
revenues, compared to $896 million, or 9%, for the previous year. The 3.9
percentage-point decrease is mainly due to higher cost of sales per unit mainly
due to price escalations of materials and disruption costs in connection with
changes in production rates, lower selling prices for business aircraft, the mix
between business and commercial aircraft deliveries, lower margins for services
activities, the net negative impact in other expense (income) from the
revaluation of certain balance sheet accounts in foreign currencies at the
balance sheet date, and higher write-down of inventories mainly due to lower
market values for pre-owned aircraft; partially offset by liquidated damages
from customers mainly as a result of business aircraft order cancellations,
lower SG&A expenses mainly due to lower business aircraft deliveries, a net
positive variance on financial instruments carried at fair value and recorded in
other expense (income) and lower amortization expense due to the aerospace
program tooling on some aircraft models being fully amortized.

Free cash flow totalled $212 million for the fourth quarter ended January
31, 2010, compared to a free cash flow usage of $271 million for the same period
last fiscal year. The $483-million increase is mainly due to a positive
period-over-period variation in net change in non-cash balances related to
operations; partially offset by a lower EBIT before amortization (EBITDA) and
higher net additions to property, plant and equipment and intangible assets due
to our significant investments in product development. For the year ended
January 31, 2010, free cash flow usage amounted to $267 million, compared to a
free cash flow of $128 million for the previous year. The $395-million decrease
is mainly due to a lower EBITDA and higher net additions to property, plant and
equipment and intangible assets due to our significant investments in product
development; partially offset by a positive period-over-period variation in net
change in non-cash balances related to operations.

For the quarter ended January 31, 2010, aircraft deliveries totalled 86,
compared to 93 for the same period the previous year. The 86 deliveries
consisted of 49 business aircraft, 35 commercial aircraft and two amphibious
aircraft (54, 37 and two aircraft respectively for the corresponding period last
fiscal year). During fiscal year 2010, Bombardier Aerospace delivered 302
aircraft compared to 349 aircraft for fiscal year 2009. Aircraft delivered
during fiscal year 2010 consisted of 176 business aircraft, 121 commercial
aircraft and five amphibious aircraft (235, 110 and four aircraft respectively
last fiscal year).

Aerospace received 33 net orders during the quarter ended January 31, 2010,
compared to six during the corresponding period the previous year. The 33 net
orders consisted of 22 commercial aircraft, seven business aircraft and four
amphibious aircraft (25 commercial aircraft net orders and 19 negative net
orders for business aircraft for the corresponding period last fiscal year).
During fiscal year 2010, Aerospace received 11 net orders compared to 367 for
fiscal year 2009. Net orders during fiscal year 2010 consisted of 88 net orders
for commercial aircraft, 85 negative net orders for business aircraft and eight
net orders for amphibious aircraft (net orders for 114 commercial, 251 business
and two amphibious aircraft last fiscal year).

Aerospace's firm order backlog reached $16.7 billion as at January 31, 2010,
compared to $23.5 billion as at January 31, 2009. The decrease reflects
significantly higher business aircraft order cancellations, as well as an
overall level of new orders lower than revenues in business aircraft and in
regional jets during fiscal year 2010, partially offset by orders received for
the CSeries family of aircraft in the first quarter of fiscal year 2010.

Bombardier Transportation

--  Revenues of $2.7 billion for the fourth quarter; $10 billion for fiscal
    year 2010
--  EBITDA of $221 million for the fourth quarter; $752 million for fiscal
    year 2010
--  EBIT of $182 million, or 6.8% of revenues for the fourth quarter; $625
    million, or 6.2%, for fiscal year 2010
--  Free cash flow of $372 million for the fourth quarter; $293 million for
    fiscal year 2010
--  New order intake totalling $1.8 billion for the fourth quarter; $9.6
    billion for fiscal year 2010 (book-to-bill ratio of 1.0)
--  Order backlog of $27.1 billion as at January 31, 2010
--  Signature of an $11-billion framework agreement with the SNCF in
    February 2010

Bombardier Transportation's revenues amounted to $2.7 billion for the
three-month period ended January 31, 2010, a similar level compared to the same
period last year. The slight increase is mainly due to a positive currency
impact, increased activities in intercity, high-speed and very high-speed trains
mainly in China, and increased activities in propulsion and controls in China.
The increase was partially offset by lower activities in locomotives mainly in
the U.K. and Italy, and lower activities in commuter and regional trains mainly
in the U.K. and France. For the year ended January 31, 2010, revenues totalled
$10 billion, compared to $9.8 billion for the previous year. The increase is
mainly due to higher activity in rolling stock reflecting increased activity in
commuter and regional trains and in metro, mainly in Germany, India, Denmark,
France, Sweden and the U.K., in intercity, high speed and very high speed trains
mainly in China, in locomotives mainly in Germany and Spain, and in propulsion
and controls in China. This increase was partially offset by a negative currency
impact and lower activities in locomotives, mainly in the U.K. and Italy.

For the fourth quarter ended January 31, 2010, EBIT totalled $182 million, or
6.8% of revenues, compared to $167 million, or 6.3%, for the same quarter the
previous year. The 0.5 percentage-point increase is mainly due to better
contract execution, partially offset by higher SG&A expenses, mainly due to a
high level of bid activities to capture significant new market opportunities,
and higher research and development (R&D) expenses related to our continuous
upgrades in product offering. For the year ended January 31, 2010, EBIT totalled
$625 million, or 6.2% of revenues, compared to $533 million, or 5.5%, for the
previous year. The 0.7 percentage-point increase for the fiscal year is mainly
due to better contract execution, mainly in North America, partially offset by a
lower net gain recorded in other expense (income) compared to the same period
last fiscal year related to foreign exchange fluctuations and certain financial
instruments carried at fair value.

Free cash flow for the quarter ended January 31, 2010 was $372 million, compared
to $360 million for the same period last fiscal year. The $12-million increase
is mainly due to lower net additions to property, plant and equipment and
intangible assets and a higher EBITDA, partially offset by a negative
period-over-period variation in net change in non-cash balances related to
operations. For the year ended January 31, 2010, free cash flow was $293
million, compared to $480 million for the previous year. The $187-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 a higher EBITDA.

The order intake for the fourth quarter ended January 31, 2010 was $1.8 billion,
compared to $2.6 billion for the same period last fiscal year. The decrease is
mainly due to lower order intake in rolling stock in Europe and Asia, partially
offset by higher order intake in services in Europe and a positive currency
impact. During the year ended January 31, 2010, the order intake reached $9.6
billion, compared to $9.8 billion for the same period last year. This slight
decrease is mainly due to fewer orders received in services in Europe, as some
customers are postponing orders given the current economic situation, lower
order intake in rolling stock in Europe, a negative currency impact, and lower
order intake in system and signalling in Europe; partially offset by higher
order intake in rolling stock in Asia.

Bombardier Transportation's backlog totalled $27.1 billion as at January
31, 2010, compared to $24.7 billion as at January 31, 2009. The increase is due
to the strengthening of foreign currencies as at January 31, 2010 compared to
January 31, 2009, mainly the euro and the pound sterling compared to the U.S.
dollar, partially offset by revenues recorded being higher than order intake.

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
May 31, 2010 to the shareholders of record at the close of business on May
14, 2010.

Holders of Class B Shares (Subordinate Voting) of record at the close of
business on May 14, 2010 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 $0.04688 Cdn per share on Series 2 Preferred Shares has
been paid on December 15, 2009, on January 15, on February 15 and on March
15, 2010.

Series 3 Preferred Shares

A quarterly dividend of $0.32919 Cdn per share on Series 3 Preferred Shares is
payable on April 30, 2010 to the shareholders of record at the close of business
on April 16, 2010.

Series 4 Preferred Shares

A quarterly dividend of $0.390625 Cdn per share on Series 4 Preferred Shares is
payable on April 30, 2010 to the shareholders of record at the close of business
on April 16, 2010.

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/>

CRJ, CRJ1000, CSeries, CS300, Learjet, Learjet 85, NextGen and ZEFIRO 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 <http://www.bombardier.com/>.

FORWARD-LOOKING STATEMENT

This press release includes forward-looking statements, which may involve, but
are not limited to, statements with respect to the our objectives, targets,
goals, priorities and strategies, financial position, beliefs, prospects, plans,
expectations, anticipations, estimates and intentions; general economic and
business conditions outlook, prospects and trends of the industry; expected
growth in demand for products and services; product development, including
projected design, characteristics, capacity or performance; expected or
scheduled entry into service of products and services, orders, deliveries,
testing, lead times, certifications and project execution in general;
competitive position; and expected impact of the legislative and regulatory
environment and legal proceedings on our business and operations.
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", the negative of these
terms, variations of them or similar terminology. By their nature,
forward-looking statements require us to make assumptions and are subject to
important known and unknown risks and uncertainties, which may cause our actual
results in future periods to differ materially from forecasted results. While we
consider our assumptions to be reasonable and appropriate based on information
currently 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, refer to the respective
forward-looking statements sections made in Bombardier Aerospace and Bombardier
Transportation sections in the Management's Discussion and Analysis ("MD&A") in
the Corporation's annual report for fiscal year 2010.

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 our business environment
(such as risks associated with the financial condition of the airline industry
and major rail operators), operational risks (such as risks related to
developing new products and services; doing business with partners; product
performance warranty and casualty claim losses; regulatory and legal
proceedings; to the environment; dependence on certain customers and suppliers;
human resources; fixed-price commitments and production and project execution),
financing risks (such as risks related to liquidity and access to capital
markets, certain restrictive debt covenants, financing support provided for the
benefit of certain customers and reliance on government support) and market
risks (such as risks related to foreign currency fluctuations, changing interest
rates, decreases in residual value and increases in commodity prices). For more
details, see the Risks and uncertainties section in Other. 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 our expectations as at the date of this MD&A 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. The forward-looking statements
contained in this press release are expressly qualified by this cautionary
statement.

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 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
that this presentation is consistent with industry practice.



Contacts:
Bombardier Inc.
Isabelle Rondeau
Director, Communications
514-861-9481
www.bombardier.com <http://www.bombardier.com/>

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





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