Bombardier Teams with Formula Palmer Audi to Support Budding Champion

LONDON--June 23, 2005--Bombardier today was named lead sponsor of David Epton's Formula Palmer Audi team, officially marking the extension of its Bombardier Racing motor sport program into Europe.

For over three years, Bombardier Racing has linked the speed and performance of the legendary Bombardier Learjet brand to winning motor sport teams and world-class motor sport events. Currently ranked second on the driver's league table, David Epton is already creating a buzz on the Formula Palmer Audi circuit - widely recognized as a testing ground for emerging Formula 1 racing car drivers - and is a front-runner to win the season.

A talented young driver who has raced since 14, Epton gained experience in several racing divisions over the last few seasons and has his sights firmly set on Formula 1. Well-versed in business aviation - he currently works for BAE Systems and his father is a private jet pilot - David is delighted that Bombardier is joining his team. "There are tremendous synergies between motorsport racing and corporate aviation, and to be backed by the world's leading business jet manufacturer is a great honor and a huge motivator."

Bob Horner, vice-president, sales, Europe, Middle East and Africa, Bombardier Business Aircraft, stated: "We've been watching David for some time now, and are delighted to be part of his growing success into one of Formula Palmer Audi's leading drivers. He has tremendous potential and represents all the Learjet brand stands for- speed, power, agility and performance."

Bombardier Aerospace has been involved in motorsport racing since 1997, when it became a sponsor of Kelley Racing. It formalized its presence in the industry in 2002 with the launch of Bombardier Racing, becoming the Official Business Aircraft Solutions provider of the Indianapolis Motor Speedway (IMS). The five-year agreement with the IRL includes naming rights to the landmark Pagoda control tower at the IMS, sponsoring the Bombardier Learjet 500 race, which occurred June 11 at Texas Motor Speedway, and sponsorship of the IRL Bombardier Rookie of the Year Award.

Bombardier Aerospace is a world leader in the design and manufacture of innovative aviation products and services for the business, regional and amphibious aircraft markets. This legacy of innovation consolidates more than 250 years of aviation history and has produced an unparalleled 15 new aircraft programs in 15 years.

Bombardier, and Learjet are trademark(s) of Bombardier Inc. or its subsidiaries.

Bombardier Aerospace (TSX:BBD.MV.A) (TSX:BBD.SV.B)