Bombardier Signs Air New Zealand For 17 Q300 Turboprops

Options on additional Q300 and Q400 aircraft bring potential order to 40 turboprop airliners

Bombardier Aerospace announced today that Air New Zealand, a Star Alliance partner, has signed a contract to acquire 17 Bombardier Q300 50-seat turboprop aircraft.

In addition to this firm order, the contract includes options on an additional 10 Q300 and 13 Bombardier Q400 70-seat aircraft. The 17 firm Q300 aircraft will be operated by Air New Zealand’s wholly owned regional airline, Air Nelson, which operates domestic services as Air New Zealand Link.

The firm orders are valued at approximately $269.5 million US, which could increase to $716.0 million US if all options are exercised. Deliveries will begin in 2005.

“The Bombardier Q300 aircraft offer an ideal combination of economy, efficiency and performance,” said Ralph Norris, Managing Director and Chief Executive, Air New Zealand. “Our passengers will be especially delighted by the Noise and Vibration Suppression (NVS) system that provides the quietest, most comfortable cabin of any regional aircraft.”

“Air New Zealand is known for the thoroughness with which it assesses potential aircraft acquisitions so we are delighted that our Bombardier Q300 have been selected as the superior choice to meet the airline’s requirements,” said Steven Ridolfi, President, Bombardier Regional Aircraft. “With some 700 aircraft in service around the world, the Dash 8/Q Series have earned an enviable reputation for reliability, economy and passenger appeal. We are confident they will do so in the Air New Zealand fleet.

“This order further solidifies Bombardier’s dominant position in the regional aircraft market in the Asia/Pacific region,” Mr. Ridolfi added. “Airlines in 12 countries in the region operate more than 170 Bombardier regional aircraft, with more than 50 of our turboprops in Australia and New Zealand alone.”

Air New Zealand will be the ninth Star Alliance partner airline to operate Bombardier Q Series turboprops or CRJ regional jets, joining Adria Airways, Air Canada Jazz, Air Nippon Network Ltd., Austrian arrows, Lufthansa Regional, SAS Commuter, United Express and US Airways Express. These airlines operate or have ordered more than 600 Bombardier regional aircraft.

About Bombardier
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com.

Bombardier Q300, Bombardier Q400, Dash 8 and Q Series are trademarks of Bombardier Inc. or its subsidiaries.

For information
Bert Cruickshank
Bombardier Aerospace
Toronto: (416) 375-3030
Cell : (416) 827-7930

Sylvie Gauthier
Bombardier Aerospace
Montréal : (514)855-7983

www.bombardier.com