MONTRÉAL, QUÉBEC--(Marketwired - June 20, 2016) - Bombardier announced today that it has reached a definitive
agreement for the sale of its Amphibious Aircraft program to British Columbia-based Viking Air Limited. The agreement covers the
Type Certificates for all variants of the aircraft, the CL-215, the CL-215T and the Bombardier 415 aircraft as well as
after-market services.
The completion of this transaction is subject to the approval of all required governmental and regulatory authorities and the
fulfillment of other customary closing conditions. The transaction is expected to close in the next few months.
"This transaction supports our goal of rebuilding a clear path to profitable earnings growth and cash generation," said Alain
Bellemare, President and Chief Executive Officer, Bombardier Inc. "While the Amphibious Aircraft program is part of our long
history, this divestiture positions Bombardier to better focus on our core, higher growth businesses; business jets, commercial
aircraft and rail transportation."
No amphibious aircraft have been produced since December 2015 after Bombardier paused the program. The decision to sell the
Amphibious Aircraft program was made after careful deliberation and a rigorous analysis. Viking Air, a long-standing Bombardier
collaborator, is the perfect successor to continue to build the value and reputation of the program while ensuring the
sustainability of the fleet. Viking Air will provide the right customer support to operators who, given the aircraft's unique
firefighting capabilities, play an essential role in the protection of communities, environment, resources and wildlife.
Bombardier's amphibious aircraft are emblematic of Canada and are the backbone of many firefighting operations around the
world. The Bombardier 415 was launched in 1994 and drew on the success of the earlier CL-215 and CL-215T versions to establish
itself as the only purposely built and best firefighting aircraft in the world. Close to 170 Bombardier amphibious aircraft are
in service worldwide.
Plans are underway to transfer the 50 Amphibious Aircraft program employees to other parts of the Bombardier organization
following the completion of an orderly transition of the business.
About Viking Air Limited
Headquartered in Victoria, BC, Viking is the global leader of utility aircraft, support and services, and manufacturer of the
world-renowned Twin Otter. Incorporated in 1970, Viking initially focused on flying boats before developing a repair and
modification business in 1983 when de Havilland Inc. selected Viking as its exclusive spare parts manufacturer and distributor
for the de Havilland DHC-2 Mk I Beaver, Mk III Turbo Beaver, and DHC-3 Single Otter aircraft. This transformation culminated in
2006, when Viking acquired the Original Type Certificates (manufacturing rights) for all out-of-production de Havilland aircraft
from the DHC-1 Chipmunk through to the DASH-7 50 passenger STOL regional airliner.
In 2007 Viking launched the Twin Otter Series 400 production program, and to date over 100 aircraft have been sold to 29
countries worldwide. With a current production rate averaging one new aircraft delivered every 15 business days, the Twin Otter
Series 400 is the best-selling next generation 19-passenger aircraft available today.
About Bombardier Specialized Aircraft
Bombardier offers the industry's widest portfolio of commercial and business aircraft platforms for use as Specialized
Aircraft. Bombardier's CRJ Series regional jets, Q Series turboprops, as well as Learjet, Challenger and Global business jets are
in service around the world with more than 45 military, government, security and corporate agencies, and the addition of the
all-new C Series aircraft to Bombardier's portfolio will increase the number of platforms and derivatives available for
special mission applications to six and 14 respectively.
As a prime contractor, or in collaboration with leading mission integrators, Bombardier's Specialized Aircraft team has
developed a vast catalogue of mission enabler modifications that, combined with the company's reliable and proven aircraft
platforms, can address every need and mission. The worldwide fleet of 375 Specialized Aircraft is delivering outstanding dispatch
reliability and is supported by Bombardier's global customer services network.
About Bombardier
Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier
is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our
vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed
on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2015, we posted revenues of
$18.2 billion. News and information are available at bombardier.com or
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