Mr. Bart Demosky reports

STATEMENT FROM BART DEMOSKY, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, BOMBARDIER, ON MOODY'S RATINGS UPGRADE TO BA2 FROM BA3, WHILE MAINTAINING A POSITIVE OUTLOOK

Moody's upgrade of Bombardier Inc.'s credit rating from Ba3 to Ba2, while maintaining a positive outlook, is a clear recognition of the progress the company has made in strengthening its business and financial profile. As its second credit rating upgrade from Moody's in the past 12 months, it reflects the consistent operational performance it has delivered and its sustained focus on deleveraging over recent years, as well as its strong record of earnings growth, free cash flow generation and continued revenue diversification through its services and defence businesses.

This recognition comes as the company continues to benefit from a strong backlog and solid growth prospects across all its business lines. It represents an important milestone in its journey to further strengthen Bombardier's financial profile and create long-term value for all stakeholders. As it builds on this momentum, it remains committed to executing with discipline against its strategic priorities.

Most importantly, this achievement is a testament to the dedication and hard work of the entire Bombardier team. Its focus on delivering excellence every day and serving its customers has been instrumental in helping it reach this milestone.

About Bombardier Inc.

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

For them, it is committed to pioneering the future of aviation -- innovating to make flying more reliable, efficient and sustainable. It 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 more than 5,200 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. In 2024, Bombardier was honoured with the prestigious Red Dot: best of the best award for brands and communication design.