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Press Release: Bombardier Flexjet
December 23, 2004
DALLAS, TX -- Bombardier Flexjet, the fractional business jet ownership program of Bombardier Aerospace, continues
to lead the industry through innovative program enhancements by significantly reducing the cost of travel to and
from the Caribbean and Bermuda.
Bombardier Flexjet has established a secondary service area for the Caribbean region, including the Greater, Lesser
and Netherlands Antilles, Trinidad & Tobago, and Bermuda meaning owners will be able to fly to and from this
region without paying repositioning charges or ferry fees effective February 1, 2005.
It is common practice among all major fractional jet ownership programs to charge their owners an amount, referred
to as a ferry fee, when they fly to most destinations outside the United States. This is to cover the cost of repositioning
the aircraft back to the mainland or to send the aircraft to an international destination to pick up passengers.
Bombardier Flexjet is now the only fractional jet ownership program to waive these ferry fees for all owners regardless
of the share size or aircraft type they own. "This enhancement underscores our commitment to provide the best
value and most flexibility to all Bombardier Flexjet owners," stated Michael McQuay, President, Bombardier
Aircraft Services.
Bombardier Flexjet Owners routinely fly to many international destinations including Europe, Asia and the Middle
East, with the Caribbean and Bermuda being the most popular.
The six most popular Caribbean destinations among Bombardier Flexjet owners are St. Martin/St. Maarten in the Eastern
Caribbean; St. John and St. Thomas in the U.S. Virgin Islands; Bermuda, San Juan, Puerto Rico; and St. Kitts in
the Leeward Islands. According to Bombardier Flexjet, these destinations comprise 90 percent of all trips to the
region, which include more than 400 flights in the past 12 months.
"This will dramatically improve the appeal of the Bombardier Flexjet program," said Bob Knebel, Vice
President Sales, Bombardier Flexjet. "This is another clear demonstration of our commitment to provide innovative,
meaningful benefits to our owners."
For example, Bombardier Flexjet owners flying a round-trip from New York to Bermuda on a Bombardier Challenger
604 aircraft may save approximately $9,900. Owners of Bombardier Learjet 40 aircraft can reduce the cost of a trip
between Fort Lauderdale and St. Maarten by as much as $8,000.
About Flexjet
Established in 1995 and based in Richardson, Texas, Bombardier Flexjet offers a turnkey program allowing individuals
or companies to purchase a share in a Bombardier business jet at a fraction of the full ownership cost. Flexjet
owners select the most appropriate aircraft type for their needs, determine the number of hours per year they fly,
and purchase shares of the Bombardier business jets starting at a share size of 1/16th (equal to 50 hours flying
per year). Flexjet guarantees 24-hour access to its fleet with as little as six hours notice and can fly into 10
times the number of airports available to commercial flights, for maximum travel flexibility. Owners pay predictable
monthly management and usage fees, while Bombardier Flexjet manages aircraft maintenance, flight crews, hangars,
fuel and insurance on their behalf. Flexjet is the only fractional provider that fields the complete family of
Bombardier business jets, including the Learjet 40, Learjet 45, Learjet 60, Challenger 300 and Challenger 604.
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to
rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for
the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto, Brussels and
Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at http://www.bombardier.com.
Bombardier Flexjet, Challenger and Learjet are trademarks of Bombardier Inc. or its subsidiaries.
SOURCE Bombardier Flexjet