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Bombardier names Arcamone head of Commercial Aviation

Jan. 13, 2012, Toronto – Bombardier Aerospace (TSX:BBD.B) has named former General Motors executive Mike Arcamone as president of its Bombardier Commercial Aircraft division as it gears up for the launch of its pivotal lightweight composite CSeries jet.


January 13, 2012
By Wings Magazine

Jan. 13, 2012, Toronto – Bombardier Aerospace (TSX:BBD.B) has named former
General Motors executive Mike Arcamone as president of its
Bombardier Commercial Aircraft division as it gears up for the
launch of its pivotal lightweight composite CSeries jet.

The airplane-making unit of Bombardier Inc. said Friday that
Arcamone will take the post on Feb. 1. He succeeds Gary Scott, who
retired in October.
"Mike comes to us with a brilliant track record throughout his
30-year career in the automotive industry," Bombardier Aerospace
president and chief operating officer Guy Hachey said in a
statement.

"He brings a unique background of international experience to
our team. His hands-on leadership approach and wealth of experience
in operations and program management will benefit our Commercial
Aircraft business unit, especially as we drive towards bringing the
CSeries aircraft to market."

A Montreal native, Arcamone was most recently president and CEO
of GM Korea. He joined General Motors in 1980.

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"While I am new to the aerospace industry, I am joining a strong
and knowledgeable leadership team, and our combined expertise will
ensure the long-term prosperity of this business unit," Arcamone
said.

"We are at a pivotal moment, both in ensuring the continued
success of the Q400 NextGen and CRJ NextGen aircraft and in moving
towards the testing and production of the CSeries aircraft."

Bombardier's lightweight composite CSeries and Learjet 85 planes
are slated to enter into service at the end of 2013.

Bombardier is fully booked to produce CSeries planes in 2014 and
2015, and is two-thirds full for 2016. It has received about 300
orders and letters of interest from 10 customers for the two sizes
of the plane. The larger CS300 is slated to begin deliveries by the
end of 2014.

The company has said it expects the CSeries to bring in up to $8
billion from sales and related services.