Execujet Orders Six Learjet 85 Aircraft at EBACE 2008

Released on Monday, May 19, 2008

Bombardier Aerospace today announced that ExecuJet Aviation Group of Zurich, Switzerland has placed firm orders for six Learjet 85 aircraft. Bombardier announced the sale of the all new fully-composite jet in conjunction with a Learjet 85 performance briefing, at the ongoing European Business Aviation Convention and Exhibition (EBACE) in Geneva, Switzerland. The order is valued at approximately $103 million U.S., based on the 2008 list price of typically equipped aircraft.

"The Learjet 85 program was met with tremendous customer approval from the start, when we first began introducing it to customers last fall. From the very beginning, ExecuJet was keen to invest in this exciting new platform," said Bob Horner, senior vice-president, sales, Bombardier Business Aircraft. "We are encouraged by ExecuJet's interest in our newest Learjet model, and their continued interest in our wide range of business jets."

ExecuJet Aviation Group is a leading global business aviation organization offering a diverse range of services including pre-owned and new aircraft sales, aircraft management, aircraft charter, aircraft maintenance, aircraft completions management and fixed base operations.

Headquartered in Zurich, Switzerland, ExecuJet Aviation Group has operations in four regions -Europe, Middle East, Africa and Australasia. The new Learjet 85 aircraft will join ExecuJet's existing charter fleet which includes 29 Bombardier business jets operating worldwide.

"Our longstanding relationship with Bombardier is rooted in our confidence in the exceptional quality of aircraft they continue to design and produce," said Niall Olver, chief executive officer, ExecuJet Aviation Group. "The Learjet 85 aircraft, will fill a very valuable niche in the market, and allow us to continue to offer our customers the newest and most innovative products."