Message from Grob Aerospace

As of today, Grob Aerospace accepted that Bombardier has cancelled the agreement with Grob Aerospace to continue the development of the Learjet 85 primary and secondary structure. This decision by Bombardier Aerospace is an unfortunate result of uncertainty surrounding the current interim insolvency of Grob Aerospace GmbH in Germany. Whilst this outcome is regrettable, it is a matter of fact that Bombardier needs to take what ever measures they deem necessary in order to protect the time line of their program. The parties have agreed to cooperate and to jointly remove the Bombardier program from the Tussenhausen-Mattsies facility.