Mr. Eric Martel reports

BOMBARDIER REAFFIRMS COMMITMENT TO COVER TOTALITY OF FLIGHT OPERATIONS WITH SAF, MAINTAINS SUSTAINABILITY LEADERSHIP IN BUSINESS AVIATION

Bombardier Inc. has cemented its industry leadership in sustainability by reaffirming its commitment to cover all its operational flights with sustainable aviation fuel (SAF), utilizing the book-and-claim system. One year after announcing its landmark agreement with Signature Aviation, Bombardier continues to demonstrate its firm engagement to drive lasting industry change by promoting the industry-wide adoption of SAF.

"Bombardier is taking bold steps on its sustainability journey and is increasingly recognized as one of the most sustainable aviation companies. Our commitment to cover our flight operations with SAF, a first in the business aviation industry, is another demonstration of the serious, tangible actions we are taking to align with our values," said Eric Martel, president and chief executive officer, Bombardier. "The Bombardier team strongly believes that operating with sustainability in mind is the only way forward, and we are proud to rise to the challenge again today."

Operational flights are part of Bombardier's regular activities, and notably include production testing, certification flights, transiting Global aircrafts from Toronto to Montreal to perform the completion stages, customer demonstration flights, new aircraft platforms certifications and after-service check flights. By using a blend with 30 per cent of pure sustainable aviation fuel, Bombardier anticipates to reduce its annual greenhouse gas emissions (Scope 1) from fuel use in its flight operations by approximately 20 to 25 per cent. The 2023 SAF usage in flight operation through the book-and-claim system will be reflected in Bombardier's 2023 Scope 1 carbon dioxide emissions that will be published in May, 2024.

This major annual gain supports Bombardier's previously announced objective of reducing 25 per cent of GHG emissions (Scope 1 and 2) by 2025, compared with 2019 levels. Bombardier's 2025 objective is aligned with the business aviation industry's goal of achieving net-zero emissions by 2050.

Approved sources to produce sustainable fuels are feedstocks such as used cooking oils, forestry residues and agricultural residues. These cannot come from lands with high biodiversity or carbon stocks, cannot compete with the food chain and must provide a societal benefit through the development of this new activity. The reduction of GHG emissions associated with sustainable aviation fuels is achieved throughout their life cycle, not just at the time of in-flight consumption.

Considering that Bombardier has flight operations in many locations around the world where SAF is not produced nearby, the book-and-claim system is the most effective method to limit the negative impact of transporting these fuels over long distances. With this system, a user located near an SAF production site uses SAF in its flights. The GHG reductions associated with this use are claimed, in exchange for the additional cost of SAF, by another user located at a site where SAF is not available.

About Bombardier Inc.

Bombardier is a global leader in aviation, focused on designing, manufacturing and servicing the world's most exceptional business jets. Bombardier's Challenger and Global aircraft families are renowned for their cutting-edge innovation, cabin design, performance and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft is also trusted around the world in government and military special-mission roles leveraging Bombardier Defense's proven expertise.

Headquartered in greater Montreal in Quebec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company's robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the United Arab Emirates, Singapore, China and Australia.