Bombardier announces sale of Belfast city airport

Bombardier Inc. today announced the sale of Belfast City Airport to Ferrovial of Spain, for a total consideration of $77.7 million Cdn (£ 35 million). This divestiture is part of Bombardier’s recapitalization program, which was announced on April 3, 2003.

The airport was a subsidiary of the aircraft manufacturer Short Brothers plc which was purchased by Bombardier in 1989 and which now forms an integral part of Bombardier Aerospace.

Bombardier’s significant presence in Northern Ireland continues through its manufacturing operation in Belfast, which employs 5,700 people, and which plays a major role in the design and manufacture of Bombardier regional and business aircraft.

Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montréal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).


Alec McRitchie
Bombardier Aerospace, Belfast
+44 [0] 28 9073 3514

Dominique Dionne
Vice President, Public Relations and Communication