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BOMBARDIER Selects Magellan Group to remarket CRJ parts and CF34 engines and parts

August 27, 2009 — Toronto
Aerospace

Bombardier Services Corporation, a subsidiary of Bombardier Inc., and Magellan Aircraft Services LLLP of Charlotte, North Carolina have signed an agreement under which Magellan will disassemble CRJ100/200 regional jets, refurbish useable components and market them to operators.

The initial agreement covers 10 CRJ100 aircraft managed by Bombardier Commercial Aircraft’s Asset Management Group (AMG). AMG is dedicated to the management and remarketing of Bombardier’s previously owned commercial aircraft portfolio.

“We estimate that each of these aircraft has about 1,500 parts, including 300 line replaceable units (LRUs), that can be refurbished and offered as a lower-cost solution for an operator’s spares requirements,” said Rod Sheridan, Vice President, Asset Management Group, Bombardier Commercial Aircraft. “Magellan Aircraft Services will offer these parts, including engines, for sale or lease.”

“Another benefit to this agreement is that since Magellan Aircraft Services is a global supplier, they will provide additional channels for operators to easily acquire genuine, certified parts for their CRJ aircraft,” said Mr. Sheridan.

Designed to provide superior performance and operating efficiencies for the growing regional airline industry, the CRJ100/200 aircraft (developed as the Canadair Regional Jet) was launched in March 1989, and was the world’s first 50-seat regional jet. Exceptional operating economics and a high degree of commonality with other models in the CRJ Series aircraft family give customers operational flexibility and cost savings potential. As of April 30, 2009, Bombardier had delivered 1,047 CRJ100/200/440 aircraft and their corporate variants to operators around the world