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Petra Airlines Ltd. of Jordan Signs Letter of Intent to Acquire up to Four Bombardier CSeries Airliners

MONTREAL, QUEBEC -- (Marketwired) -- 07/14/14 -- Farnborough Airshow - Bombardier Aerospace announced today that Petra Airlines Ltd. of Amman, Jordan has signed a Letter Of Intent (LOI) to acquire up to four CS100 and CS300 airliners. Should the LOI be converted to a firm purchase agreement, the transaction would include two firm-ordered CS100 aircraft and two options for CS300 aircraft.

Based on list prices, a firm order for two CS100 aircraft would be valued at approximately $136.5 million US, increasing to $298.4 million if the two options for CS300 aircraft are converted to firm orders.

Petra Airlines, based at Amman's Queen Alia International Airport, began as a charter carrier and became a scheduled airline in 2012. It serves destinations in Europe, the Middle East and North Africa.

"As Jordan's low-cost carrier, we require the most efficient and most economical aircraft available," said Riad Khashman, Chief Executive Officer, Petra Airlines. "That meant Bombardier's CSeries aircraft. CSeries jetliners have built-in operational flexibility which will allow us to tailor them to meet our specific needs. They're quiet, they have an unmatched environmental footprint and their widebody comfort will be appealing to our passengers."

"The CS100 and CS300 aircraft can benefit operators in many ways," said Ray Jones, Senior Vice President, Sales, Marketing and Asset Management, Bombardier Commercial Aircraft. "The CS100 aircraft is ideal for city-centre and hot-and-high airfield operations, while the CS300 airliner is the most profitable solution for mid-size markets, with up to 150 passengers per flight."

CSeries Aircraft

Bombardier is creating the future with its CSeries aircraft - the only 100 per cent new family of airliners specifically designed for the 100- to 149-seat, single-aisle market. Benefitting from a clean-sheet design that includes leading-edge technology and systems integration, advanced materials and latest-generation aerodynamics, the CSeries aircraft offer a 15 per cent(i) cash operating cost advantage, a 20 per cent(i) fuel burn advantage, exceptional operational flexibility, widebody comfort and an unmatched environmental and noise footprint.

As of today, Bombardier has booked orders and commitments for 475 CSeries aircraft, which include firm orders for 203 CSeries airliners.

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

Images of CSeries aircraft are posted with this news release at www.bombardier.com.

Additional images and videos of CSeries aircraft are available in the CSeries Hub at cseries.com. B-roll is available at bcamediafootage.com.

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

Please visit Bombardier's Web site dedicated to its upcoming events at the Farnborough International Airshow at airshows.bombardier.com.

(i) The CSeries aircraft are in the development phase. All data and specifications are estimates, subject to changes in family strategy, branding, capacity and performance during the development, manufacture and certification process. All performance references have been estimated based on a 500-nm North American operating environment and comparisons are to in-production aircraft.

Bombardier, CS100, CS300, CSeries and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

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