Mr. Eric Martel reports

BOMBARDIER PROVIDES DETAILS OF DECEMBER 2023 FIRM ORDER BY CUSTOMER NETJETS FOR 12 CHALLENGER 3500 AIRCRAFT AND 232 OPTIONS

Bombardier Inc.'s long-valued client, NetJets, has been revealed as the previously confidential buyer of 12 Challenger 3500 aircraft. The firm transaction, initially announced in December, 2023, was valued at $326.4-million (U.S.) based on list prices at the time of signing, but the landmark deal could be more than $6-billion (U.S.) if all optional 232 Challenger 3500 jets are exercised over time.

With this order, NetJets adds to the finest fleet in private aviation with the latest addition to the Challenger family -- the most-delivered super midsize platform -- and continues to further elevate its customers' travels thanks to the Challenger 3500 aircraft's outstanding attributes. Deliveries for aircraft included in the firm order are set to begin in the second half of 2025.

"The Challenger 3500 jet continues to impress with its ultimate combination of refined cabin experience, proven reliability and top performance, perfectly aligning with the needs of NetJets' discerning client base," said Eric Martel, president and chief executive officer, Bombardier. "We couldn't be prouder to see the Challenger 3500 business jet join the NetJets fleet as we write the next chapter of our long-term collaboration."

Built on the iconic super midsize platform, the Challenger 3500 jet continues to push the industry forward, setting the course to what private jet travel should be. The aircraft offers an unmatched in-flight experience that exceeds the expectations of the most-discerning travellers, offering a flawless design that provides an unparalleled cabin experience and elevates passengers' comfort with Bombardier's revolutionary Nuage seats and cutting-edge cabin technology. The cabin experience is also enhanced by several industry-first features, including voice control, unmatched 4K entertainment, first-in-class wireless chargers and true bring-your-own device cabin philosophy, making it the smartest aircraft in its class.

The Challenger aircraft family is also well known for its industry-leading reliability and safety. With more than 900 business jets of the Challenger 300 series in service worldwide, the Challenger 3500 builds on the excellent record of the Challenger family and boasts an impressive dispatch reliability of more than 99.8 per cent. It also offers an impressive range of 3,400 nautical miles and outstanding runway performance and steep-approach capabilities. It provides customers with the ultimate package, including access to the most-remote locations while delivering Bombardier's signature smooth ride from takeoff to landing.

In terms of sustainability, the Challenger 3500 aircraft is in a class by itself. It is the first business jet in the super midsize segment to have an environmental product declaration published, documenting the aircraft's environmental footprint over its life cycle. This impressive business jet provides customers with the ultimate combination of sustainability, performance and reliability that they can count on 365 days a year.

About Bombardier Inc.

Bombardier designs, builds, modifies and maintains the world's best-performing aircraft for the world's most-discerning people, as well as businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.

For them, Bombardier is committed to pioneering the future of aviation -- innovating to make flying more reliable, efficient and sustainable. And the company is passionate about delivering unrivalled craftsmanship and care, giving its customers greater confidence and the elevated experience they deserve and expect -- because people who shape the world will always need the most productive and responsible ways to move through it.

Bombardier customers operate a fleet of approximately 5,000 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier's performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico.