Bombardier Aerospace
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Bombardier Aerospace

May 19, 2015 03:43 ET

Bombardier Business Aircraft Releases its Annual Market Forecast

- 9,000 forecasted business jet deliveries from 2015 to 2024 valued at $267 billion US

GENEVA, SWITZERLAND--(Marketwired - May 19, 2015) - Bombardier Business Aircraft released its annual 10-year forecast for the private aviation market at the European Business Aviation Convention and Exhibition (EBACE) in Geneva.

Current economic conditions and geopolitical issues in some markets such as Latin America, China and Russia, have had an impact on order intake levels industry-wide. Despite these short-term economic fluctuations, Bombardier Business Aircraft remains confident in the potential of the business aircraft industry with a strong outlook for long-term drivers of business jet demand, such as wealth creation and globalization of trade. With this long-term view in mind, Bombardier Business Aircraft predicts a total of 9,000 business jet deliveries from 2015 to 2024 in the segments in which Bombardier Business Aircraft competes, representing approximately $267 billion US in industry revenues.

The overall market for business aviation continues to show encouraging signs of improvement. Macroeconomic indicators for 2014 were generally stable, with growth in 2015 projected to be similar to the previous year. In 2015, the world GDP is expected to grow by 2.7%, with higher growth expected thereafter.

"With 9,000 business aircraft deliveries expected in the next 10 years, the private aviation industry continues to grow stronger," said Jean-Christophe Gallagher, Vice-President, Strategy and Marketing, Bombardier Business Aircraft. "Bombardier continues to be well positioned for long-term market leadership and remains at the forefront of innovation and technology with the industry's widest portfolio of business jets, including the Challenger 650, Global 7000 and Global 8000 aircraft."

Bombardier Business Aircraft expects to deliver 210 business aircraft in 2015. Industry deliveries are expected to increase slightly in 2015 from 2014 based on the delivery guidance of manufacturers and new aircraft programs. Bombardier Business Aircraft predicts North America will account for the greatest number of new business jet deliveries between 2015 and 2024 with 3,900 aircraft, followed by Europe, which remains the second largest market with 1,525 deliveries between 2015 and 2024.

Bombardier Business Aircraft continues to invest in innovative and efficient business aircraft solutions and new aircraft development programs, including the Challenger 650, Global 7000 and Global 8000 aircraft. As an important driver for business jet growth, new aircraft programs ensure Bombardier Business Aircraft is well positioned to meet market demand.

About Bombardier

Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indices. In the fiscal year ended December 31, 2014, we posted revenues of $20.1 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors

Follow @Bombardierjets on Twitter to receive the latest news and updates from Bombardier Business Aircraft.

The Bombardier Business Aircraft 2015 Market Forecast is available at www.businessaircraft.bombardier.com.

Bombardier, Bombardier Business Aircraft, Challenger 650, Global 7000, Global 8000 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

Forward-looking statements

The following presentations include 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 these presentations, 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 most recent annual report.

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 key customers and key 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 rate and commodity pricing risk). For more details, see the Risks and Uncertainties section of the MD&A of the Corporation's most recent annual report. 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 in the following presentations reflect the Corporation's expectations as at the date of the presentation 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.

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