XOJET Places Order for Up to 80 Bombarder Challenger 300 Jets

Released on Tuesday, September 25, 2007

Atlanta, Georgia, September 25, 2007

Firm order for 20 Challenger 300 jets and options for an additional 60 aircraft

Largest single Challenger 300 jet order in Bombardier Business Aircraft history

New XOJET program confirms Challenger 300 jet as the superior super-midsize aircraft

Bombardier Aerospace today announced the largest single Challenger 300 aircraft order in the company's history as XOJET, of San Carlos, California, placed a firm order for 20 super-midsize Challenger 300 jets, with options for an additional 60 aircraft. The transaction for the firm orders is valued at approximately $450 million U.S., based on the list price of typically equipped aircraft. The total value of the order, if all options are exercised will be approximately $1.9 billion U.S., based on the list price. Deliveries are scheduled to begin in the fourth quarter of fiscal year 2008.

"This is a great day for Bombardier," noted Jahid Fazal-Karim, senior vice-president, sales, Bombardier Business Aircraft. "We know the Challenger 300 jet is at the top if its class. Following an extensive evaluation of aircraft in the same category, XOJET chose the Challenger 300 for its superior cabin comfort, reliability and performance. It is truly gratifying to have our customer, XOJET, share our excitement and invest such confidence in the Challenger 300 jet."

XOJET, a fast-growing private aviation company, provides private jet ownership, leasing and on-demand travel solutions built especially for frequent business jet flyers. The company's strategy is to combine the service, access and exclusivity of owning a jet with the efficiencies and operational rigor of successful commercial airlines. With a fleet consisting entirely of super-midsize aircraft, XOJET intends to maximize the proven reliability, performance, flexibility, overall value and comfort of the Challenger 300 jet for its discerning clientele.

"Bombardier's process for designing the Challenger 300 was without precedent. The result is one of the most popular business jets ever introduced," said Paul Touw, president and chief executive officer, XOJET. "Bombardier's intense customer focus mirrors XOJET's own approach. Our solutions deliver unprecedented levels of service and economics to our customers. Our joint dedication to quality and customer focus makes this a natural partnership."