Bombardier Aerospace and Commercial Aircraft Corporation of China Ltd (COMAC)

IndustrialsIndustrial Goods & ServicesAerospace & Defense
    
    

    


SHANGHAI, CHINA--(Marketwire - March 24, 2011) - The Commercial Aircraft
Corporation of China Ltd (COMAC) and Bombardier Inc. signed today a framework
agreement to establish a long-term strategic cooperation on commercial aircraft.
This collaboration will leverage the synergies and strengths of both companies
to develop mutually beneficial projects.

This long-term strategic cooperation agreement is based on both COMAC's and
Bombardier's desire to build on the potential complementary nature of their
products and respective expertise. This includes exploring collaboration in
their marketing, customer relationship and customer support strategies to help
each other increase overall market share in emerging and mature markets.

Both parties will also evaluate possibilities for cooperation with regards to
C919/CSeries aircraft program commonalities, joint procurement as well as
collaboration on future Bombardier and COMAC product lines.

"COMAC is pleased to work closely with Bombardier to efficiently identify areas
of mutual collaboration and explore future endeavours. Both our companies have
specific strengths that, when combined, will enhance the competitiveness of our
respective aircraft programs and businesses as a whole," said Mr. Zhang,
Chairman of COMAC.

"This agreement represents another important step in the strengthening of our
relationship. We believe that this collaboration will generate positive results
for both the C919 and CSeries aircraft programs. It also opens the door to
further cooperation on any other projects that would be mutually beneficial,"
stated Pierre Beaudoin, President and Chief Executive Officer of Bombardier Inc.

The collaborative framework agreement was signed by Chairman Zhang and President
and Chief Executive Officer Beaudoin in Shanghai.

About COMAC

COMAC, founded in May 2008 and headquartered in Shanghai, is the main
organization for implementing the trunk liner program of China. COMAC is a civil
aircraft OEM involved in aircraft integration and is mainly engaged in the
research, manufacture, testing, and test flight of civil aircraft and related
products, as well as sales and services, lease, and operation of civil aircraft.
COMAC is committed to becoming a world-class civil aircraft manufacturer and
providing customers and passengers with modern civil aircraft with safety,
economy, comfort and environmentally friendly characteristics.

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.

CSeries is a registered trademark of Bombardier Inc. or its subsidiaries.

C919 is a registered trademark of Commercial Aircraft Corporation of China Ltd.

Contacts:
Commercial Aircraft Corporation of China Ltd (COMAC)
Liu Linzong
Office: +86 21 3858 8668

Bombardier Aerospace
Haley Dunne
Office: +1-514-855-7989
www.bombardier.com






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Source: Bombardier Aerospace and Commercial Aircraft Corporation of China Ltd (COMAC) via Thomson Reuters ONE

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