Bombardier Aerospace Releases Annual Business and Commercial Aircraft Market Forecasts

Today, Bombardier released its annual 20-year forecasts for the business and
commercial aircraft markets.


While the world economy has grown at a slower than expected rate, signs of
improvement in the business and commercial aircraft markets have started to
emerge. Business indicators are pointing towards a gradual industry recovery.
New aircraft orders are supported by continued demand from established markets -
such as North America and Europe - and growth potential in emerging markets,
which are forecasted to play an increasing role in the global aviation
marketplace. China is expected to be the second largest region in terms of
commercial aircraft deliveries in the 20- to 149-seat segment, and the third for
business aircraft over the next 20 years. Also, as environmental concerns
continue to gain importance and high fuel prices add pressure to the bottom
line, operators across both industries will remain focused on finding more
efficient and sustainable solutions.


"At Bombardier, we have a long and proud tradition of pushing the boundaries of
technology, and developing the next generation of aircraft that will better meet
the needs of our customers - both today, and tomorrow," said Michael McAdoo,
Vice President, Strategy and International Development, Bombardier Aerospace.
"As such, Bombardier Aerospace with its new category-defining business and
commercial programs is well-positioned to strengthen its leadership position in
its current markets."


Business Aircraft Market Forecast

Bombardier is confident in the strong, long-term potential of the business
aircraft industry and forecasts a total of 22,000 business jet deliveries from
2014 to 2033 in the segments in which Bombardier competes(i) representing
approximately $617 billion US(ii) in industry revenues. Bombardier's Business
Aircraft Market Forecast anticipates 9,200 aircraft deliveries, worth $264
billion US between 2014 and 2023, and 12,800 aircraft, worth $353 billion US,
from 2024 to 2033.


The market for business aviation continues to show promising signs of recovery.
While current macroeconomic indicators are mixed, the overall trend for the
world economy is stable to positive. In 2014, the world GDP is expected to grow
by 2.9 per cent, with higher growth expected in 2015 onward. Industry order
intake saw incremental improvement in 2013 over 2012, allowing the industry to
record a book-to-bill ratio of one for the second year in a row. Industry
deliveries are expected to increase slightly in 2014 from 2013 based on the
delivery guidance of manufacturers and new aircraft programs.


Business aircraft orders are expected to remain challenging in 2014 across the
industry, but projected to improve beginning in 2015. It is also anticipated
that with demand for business jets shifting towards emerging markets, the fleet
of large and medium category aircraft will grow, with the large aircraft
category demonstrating the fastest growth.


Over the forecast period, Bombardier predicts North America will receive the
greatest number of new business jet deliveries between 2014 and 2033, followed
by Europe, which remains the second largest market. China is forecast to become
the third largest region in terms of deliveries over the next 20 years with 950
deliveries from 2014 to 2023, and 1,275 deliveries from 2024 to 2033.


Bombardier predicts that - similar to commercial aviation - future challenges
facing the business aviation sector include rising fuel prices and increased
environmental awareness. To face these challenges, Bombardier continues to
invest in innovative, more efficient transportation solutions through its new
aircraft development programs that include the Global 7000, Global 8000 and
Learjet 85 aircraft.


Commercial Aircraft Market Forecast

The commercial aviation market is profitable and growing, and the industry
continues to evolve to manage growth, high fuel prices and increased
competition. Over the next 20 years, Bombardier forecasts demand for 13,100
aircraft deliveries in the 20- to 149-seat seat segment valued at $658 billion
US(ii).


Bombardier forecasts the following industry deliveries by segment:


--  20-to 59-seats: 400 aircraft deliveries
--  60- to 99-seats: 5,600 aircraft deliveries
--  100- to 149-seats: 7,100 aircraft deliveries


In the 20- to 59-seat segment, Bombardier anticipates that new aircraft
deliveries will continue at a modest pace for the duration of the forecast
period as old aircraft are retired and replaced with larger types. The 60- to
99-seat segment will continue to be one of the most dynamic in commercial
aviation. It is anticipated that the fleet in this segment will more than double
in size with new aircraft deliveries evenly split between large turboprops and
large regional jets. The 100- to 149-seat aircraft segment, which has not been
the focus of aircraft development for at least the past two decades, will
witness a major fleet transformation with the entry-into-service of new
clean-sheet aircraft designs.


The global demand for air travel and new aircraft continues to shift towards
emerging markets where demand for air travel continues to grow with increasing
GDP and an expanding middle class. However, as with the business aircraft
industry, North America is expected to lead the way in commercial aircraft
deliveries over the forecast period, taking in an expected 3,650 new aircraft,
followed by Greater China with 2,280 aircraft, Europe with 1,840, the Asia
Pacific with 1,400, Latin America with 1,100 aircraft, the Commonwealth of
Independent States (CIS) with 830, India with 760, Africa with 700, and the
Middle East with 540.


Aircraft in the 20- to 149-seat segment have a vital role to play in the
development of new markets, non-stop connections and increased frequencies; 70
per cent of the world's short- to medium-haul markets serve between 50 and 250
passengers per day each way (PDEW), and are best served by 20- to 149-seat
aircraft.


With its Q400 NextGen turboprops, CRJ NextGen regional jets and CSeries
aircraft, Bombardier has created products that will meet its customers' growing
demand for sustainable transportation solutions that feature a reduced
environmental impact.


About Bombardier

Bombardier is the world's only 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 Montreal, Canada. Our shares are traded on the
Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability
World and North America Indexes. In the fiscal year ended December 31, 2013, we
posted revenues of $18.2 billion. News and information are available at
bombardier.com or follow us on Twitter @Bombardier.


Notes to Editors

Follow @Bombardier_Aero on Twitter to receive the latest news and updates from
Bombardier Aerospace.


(i) Bombardier's competitive segmentation includes Light, Medium and Large
categories. Excludes very light jets and large corporate airliners.


(ii) Unit values are based on B&CA magazine 2013 list prices expressed in US$.

Bombardier, CRJ, CSeries, Global 7000, Global 8000, Learjet 85, NextGen, Q400
and The Evolution of Mobility are trademarks of Bombardier Inc. or its
subsidiaries.


FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements, which may involve, but
are not limited to: statements with respect to our objectives, guidance,
targets, goals, priorities, our market and strategies, financial position,
beliefs, prospects, plans, expectations, anticipations, estimates and
intentions; general economic and business outlook, prospects and trends of an
industry; expected growth in demand for products and services; product
development, including projected design, characteristics, capacity or
performance; expected or scheduled entry-into-service of products and services,
orders, deliveries, testing, lead times, certifications and project execution in
general; our competitive position; and the expected impact of the legislative
and regulatory environment and legal proceedings on our business and operations.
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as "may", "will", "expect", "intend",
"anticipate", "plan", "foresee", "believe", "continue", "maintain" or "align",
the negative of these terms, variations of them or similar terminology. By their
nature, forward-looking statements require us to make assumptions and are
subject to important known and unknown risks and uncertainties, which may cause
our actual results in future periods to differ materially from forecasted
results. While we consider our assumptions to be reasonable and appropriate
based on information currently available, there is a risk that they may not be
accurate. For additional information with respect to the assumptions underlying
the forward-looking statements made in this press release, refer to the
respective Guidance and forward-looking statements sections in Overview
Aerospace and Transportation sections in the Management's Discussion and
Analysis ("MD&A") of the Corporation's financial report for the fiscal year
ended December 31, 2013.


Certain factors that could cause actual results to differ materially from those
anticipated in the forward-looking statements include risks associated with
general economic conditions, risks associated with our business environment
(such as risks associated with the financial condition of the airline industry
and major rail operators), operational risks (such as risks related to
developing new products and services; doing business with partners; product
performance warranty and casualty claim losses; regulatory and legal
proceedings; the environment; dependence on certain customers and suppliers;
human resources; fixed-price commitments and production and project execution),
financing risks (such as risks related to liquidity and access to capital
markets, exposure to credit risk, certain restrictive debt covenants, financing
support provided for the benefit of certain customers and reliance on government
support) and market risks (such as risks related to foreign currency
fluctuations, changing interest rates, decreases in residual values and
increases in commodity prices). For more details, see the Risks and
uncertainties section in the MD&A of the Corporation's financial report for
the fiscal year ended December 31, 2013. Readers are cautioned that the
foregoing list of factors that may affect future growth, results and performance
is not exhaustive and undue reliance should not be placed on forward-looking
statements. The forward-looking statements set forth herein reflect our
expectations as at the date of this press release and are subject to change
after such date. Unless otherwise required by applicable securities laws, we
expressly disclaim any intention, and assume no obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise. The forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.


CAUTION REGARDING NON-GAAP MEASURES

This press release is based on reported earnings in accordance with
International Financial Reporting Standards (IFRS). Reference to generally
accepted accounting principles (GAAP) means IFRS, unless indicated otherwise. It
is also based on non-GAAP financial measures including EBITDA, EBIT before
special items, EBIT margin before special items, adjusted net income, adjusted
earnings per share and free cash flow. These non-GAAP measures are directly
derived from the Consolidated Financial Statements, but do not have a
standardized meaning prescribed by IFRS; therefore, others using these terms may
calculate them differently. Management believes that providing certain non-GAAP
performance measures, in addition to IFRS measures, provides users of our
Consolidated Financial Statements with enhanced understanding of our results and
related trends and increases transparency and clarity into the core results of
our business. Refer to the Non-GAAP financial measures section in the MD&A
for definitions of these metrics. Refer to Non-GAAP financial measures and
Liquidity and capital resources sections and Analysis of results sections in
Aerospace and Transportation of the Corporation's MD&A for reconciliations
to the most comparable IFRS measures.




FOR FURTHER INFORMATION PLEASE CONTACT: 
Isabelle Gauthier
Bombardier Aerospace
[phone]
www.bombardier.com