Bombardier Announces A Strategic Marketing Agreement With Ultimate Resort Luxury Destination Club

Bombardier Flexjet, the fractional business jet ownership program of Bombardier Aerospace, and Bombardier Skyjet, the pioneer service for online booking of privately chartered business jets and provider of the Skyjet Card, today announced a strategic marketing agreement in which Ultimate ResortÒ has been named the “Official Destination Club” of Bombardier, and Bombardier has been named the “Official Private Jet Partner” of Ultimate Resort. 

Bombardier will offer Ultimate Resort Members special incentives for purchasing charter flights and jet cards through Skyjet, Flexjet 25 Jet Cards*, and Flexjet fractional interests. Bombardier’s owners and customers will be offered preferred discounts on Ultimate Resort club memberships, as well as other club membership benefits.  The two companies will promote these special offers through their respective marketing channels.

Ultimate Resort members are affluent and well-seasoned travelers who vacation with both family and friends, and often use private aviation to reach the Club’s growing portfolio of luxurious vacation homes and exclusive affiliated hotels located in over 100 global destinations. Bombardier, the manufacturer of legendary Learjet and Challenger private jet aircraft, is a world leader in aircraft manufacturing whose clients are avid users of private air travel for both business and leisure, making this a natural partnership between the two companies.

“Bombardier is the leading brand in the private aviation business, and we are thrilled to be working with such a fine company,” said Jim Tousignant, CEO of Ultimate Resort. “Learjet and Challenger are names that are synonymous with the very best in private jet travel, and we are looking forward to offering our club Members preferred access to these exceptional aircraft through our marketing agreement with Skyjet and Flexjet.  We know our Members will love the Bombardier experience as much as they love our Club.”

“Ultimate Resort has truly set the bar for luxury travel and offers spectacular vacation getaways.  With this new partnership, Flexjet fractional jet owners and Skyjet customers can enjoy the highest quality travel experience starting the moment they board one of our world-class Bombardier jets, continuing through their stay at Ultimate Resort,” said Michael McQuay, President, Bombardier Flexjet. "Whether they are traveling for business or pleasure, our owners appreciate the flawless service for which Flexjet is known, and we trust their time spent at Ultimate Resort will also exceed their expectations."

* Flexjet 25 Jet Card flights operated by Jet Solutions, LLC

About Bombardier Flexjet
Established in 1995 and based in Richardson, Texas, Bombardier Flexjet offers a turnkey program allowing individuals or companies to purchase a share in a Bombardier jet at a fraction of the full ownership cost. Flexjet owners select the aircraft type that best fits their needs, determine the number of hours per year they expect to fly, and purchase shares starting at 1/16th (equal to 50 hours of flying).

Owners pay predictable monthly management and usage fees, while Flexjet manages aircraft maintenance, flight crews, hangars, fuel and insurance on their behalf. Flexjet fields an exclusive family of Bombardier business jets, including the Learjet 40 XR, Learjet 45 XR, Learjet 60 XR, Challenger 300 and newly redesigned Challenger 605 business jets. The Flexjet One program is an aircraft management service providing owners who purchase a whole Bombardier aircraft access to Flexjet’s entire fractional fleet, cost savings and a simple, worry-free solution to aircraft ownership. The Flexjet 25 jet card program, operated by Jet Solutions LLC, provides travel-by-the-hour on the Flexjet 25 fleet of Bombardier aircraft.

About Bombardier Skyjet
Based near Dallas in Richardson, Texas, Skyjet was founded in 1997 and acquired by Bombardier in 2000. Skyjet pioneered real-time, on-line booking of privately chartered business jets and today is a leader in a broad range of private aviation solutions for its own customers and other Bombardier divisions. Skyjet serves customers as their needs for business jet travel grow, from individual, on-demand trips arranged through a quality network of charter operators, to its flagship Skyjet Card. Skyjet also offers the Flexjet 25 jet card, operated by Jet Solutions LLC, and is uniquely positioned to assist customers who wish to move into Flexjet fractional ownership and even whole aircraft ownership within the Bombardier family of products and services. For more information or to book a trip, call 888-2-SKYJET or visit www.skyjet.com.

About Bombardier
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2008, were $17.5 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com

Bombardier, Flexjet, Flexjet 25, Skyjet, Learjet and Challenger are either registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

About Ultimate Resort®
Ultimate Resort Luxury Destination Clubs is the leader in the destination club industry with more global destinations than any other luxury destination club. Ultimate Resort operates a family of destination club offerings that provide members with flexible access to a growing portfolio of spectacular residences, concierge member services and exclusive club amenities. With the upcoming merger with Private Escapes® announced in late 2007 and expected to close in the second quarter of 2008, Ultimate Resort offers more destinations and membership plans than any other destination club in the industry. The $200 million dollar merger agreement with Private Escapes announced in late 2007 creates the industry’s largest and fastest growing destination club, based on the number of global club destinations. The combined company will be the only destination club that operates three distinct clubs and multiple membership plans, targeting the $1 million, $2 million and $3 million average home value club categories. Approximately 1,300 club members will have access to more than 140 exclusive club properties and more than 100 affiliated properties located in over 100 of the world’s best resort destinations in the U.S., Mexico, the Caribbean and Europe. Members also have flexible access to an exclusive collection of almost 200 four and five star luxury hotels in dozens of major cities in the US, Europe, Asia, the Middle East, South America and Central America.

For individual members, Ultimate Resort eliminates the burden of owning a second home and the uncertainty of renting a home or villa. For corporate members, Ultimate Resort is ideally suited for corporate reward or incentive programs for sales professionals, managers, key employees and clients. Ultimate Resort was carefully developed to be more affordable than other luxury vacation travel options, including second home ownership, while simultaneously offering superior amenities and member benefits (especially for anyone requiring multiple bedrooms for friends and family). Members of Ultimate Resort pay a one-time membership fee and annual dues based on the amount of club use. Membership fees for club membership vary depending on the plan selected, and include from 14 to 42 days of annual club use. Members have the flexibility to change plans from year to year, and extra days are available for an additional nightly fee.

For more information, call (877) 955-1900 or visit www.ultimateresort.com.

For Bombardier Flexjet            
Erin Portman     
On Behalf of Flexjet  
(512) 448-0502  
Erin.Portman@TeamOne-Usa.com   
www.flexjet.com           

For Ultimate Resort
Lauren Keyson
Director of Communications
(917) 331-3143
Lauren.Keyson@UltimateResort.com  
www.ultimateresort.com                                             

www.bombardier.com