New Bombardier Aerospace card to improve fuel cost savings

Bombardier Aerospace today became the first aircraft manufacturer in Europe to launch a fuel card, enabling both customers - operators in the Flexjet Europe program as well as other purchasers of new Bombardier business jet aircraft in Europe to enjoy preferred fuel rates.

Operators in Bombardier Flexjet Europe’s network and new Bombardier business aircraft owners will receive a Bombardier Aerospace Card for every aircraft they own. The card can be used in the same way as a standard payment card to purchase fuel Europe-wide and will allow them to enjoy greater fuel cost savings – up to 11 percent in some locations- due to economies of scale and improved contracts.

“Fuel is one of our largest operating costs, so any improved savings will be tremendous” said Max Caruana, president of Air Max Aviation. “The card will allow us to refuel at specially negotiated Bombardier rates in far more places than previously available – saving both time and money. The impact on our operations will be significant.”

A customer’s Barclaycard-issued Visa card, handled by procurement and logistics experts Thought First, in the Bombardier Aerospace program will be accepted by Europe’s leading aviation fuel companies, Shell and Exxon Mobil Aviation.

“Company Barclaycard are delighted to be part of the launch of the Bombardier Aerospace program Card. After considerable work from all parties involved, we have developed an innovative means to enable the cost-effective procurement by Bombardier Aerospace customers of aviation fuel on our Visa commercial cards,” said Alan Gooderham, director, Commercial Cards, Company Barclaycard.

Steven Borthwick of Shell Aviation said: “We are looking forward to working with Bombardier to assist in offering fuel purchasing on credit to their partners at Shell Aviation contracted locations.”
The Bombardier Aerospace Card is part of Bombardier Flexjet Europe’s continuing initiative to offer added value to its operators in its network.

“We want to help our operators improve the way they do business as they are an integral part of our growing success,” said Judith Moreton, managing director, Bombardier Flexjet Europe. “Access to a cheaper and more efficient way of buying fuel is just one way we can do this.”

In the future, Bombardier plans to add other benefits to the card program.

Bombardier Aerospace, a unit of Bombardier Inc., is a world leader in the design and manufacture of innovative aviation products and provides services for the regional, business and amphibious aircraft markets. It also offers Bombardier Flexjet* and Bombardier Skyjet* business aircraft programs, technical services, and aircraft maintenance and pilot training for business, regional airline and military customers.

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).

® Registered trademarks of Bombardier Inc.
*Trademark of Bombardier Inc.

Information :
Dan Davies
Financial Dynamics
London: 44 (0) 207 269 7293

Alec McRitchie
Bombardier Aerospace
Belfast: 44 (0) 28 9073 3514

Notes to Editors:
Company Barclaycard is the UK's leading issuer of commercial cards with over 142,000 corporate customers and 500,000 cardholders. It services businesses of all sizes from multi-national companies and Government departments, to small and medium enterprises. A member of Visa, Company Barclaycard is welcomed at more than 660,000 places in the UK and 22 million worldwide.

Since being launched in 2002, Flexjet Europe’s Jet Membership programme has steadily grown in popularity, leading the company to virtually double its fleet of aircraft. Unlike European fractional ownership models, Jet Membership is based on the purchase of annual flying hours rather than a physical share of an aircraft. As one of Europe’s most flexible and customized business jet travel programmes, it enables customers to enjoy all the benefits of business aviation while paying only for the time spent on board a Bombardier aircraft at an all-inclusive, fixed hourly rate.

Launched earlier this year to meet market demand for entry-level access to business jet travel, Bombardier Skyjet Europe is the only charter service in Europe to offer ‘Occupied Hours’ pricing, whereby customers pay only for the time spent in flight with no positioning costs. Offering many of the benefits of business jet travel with no commitment, the programme is particularly well-suited for ‘one-off’ trips by occasional travellers as well as more challenging journeys to destinations not well served by local charter operators.

Both Bombardier Skyjet Europe and Bombardier Flexjet Europe’s Jet Membership offer customers guaranteed access to over 500 European airports on a fleet of over 50 Bombardier business jet aircraft, 24 hours a day, 7 days a week.

In addition to the Flexjet Europe programme, Bombardier also operates the Flexjet program in North America , the Flexjet Asia-Pacific programme and the Skyjet North America. Through these divisions, the Bombardier Flexjet program offers customers a truly global business jet travel solution, enabling them to fly anywhere in North America, Europe, Asia-Pacific and beyond.