CFL cargo purchases Bombardier Transportation's TRAXX MS locomotives to further expand into European rail market

Innovative TRAXX locomotives enable CFL cargo to operate non-stop between Central Europe and France
A breakthrough for the European East-West freight corridor, authorization also covers Belgium and Luxembourg
BERLIN and LUXEMBOURG, Nov.

18, 2020 (GLOBE NEWSWIRE) --Note to editors: To view the photo associated with this press release, please visit the following link: https://www.globenewswire.com/NewsRoom/AttachmentNg/7fb7ac03-37ba-4e73-a13b-8d881b5219fcMobility solution provider Bombardier Transportation signed a contract with the Luxembourg based railway undertaking CFL cargo for 10 innovative BOMBARDIER TRAXX MS1 locomotives.The new locomotives represent a major leap towards the successful future of integrated rail freight transport in Europe as they will enable seamless cross-border transport from Central Europe to France. The locomotives will be authorized for service in Luxembourg, Germany, Poland, Austria, Belgium, and France. A part of the 10 new locomotives for CFL cargo will be equipped with the innovative Last Mile diesel concept that enables the TRAXX locomotive to operate in non-electrified terminals and sites."We are very pleased to be the first railway operator to expand its business offering with an optimized rail transport solution for the East-West European corridor.

The new TRAXX multi-system locomotives will allow us to cross numerous borders as easily as a truck, thus providing our clients with a competitive transport solution that contributes to reaching the European New Green Deal objective of increasing rail's share of Europe's overall transport to 30 per cent by 2030," said Laurence Zenner, Chief Executive Officer of CFL cargo."Together, with our launch customer CFL cargo, we are proud to offer an innovative solution that opens new business opportunities for rail transport clients. Our TRAXX MS locomotive is Europe's most-modern locomotive, and we are looking forward to supporting the expansion of East-West freight transport in Europe," added Peter Ammann, Head of Global Business Development Locomotives, Bombardier Transportation.Bombardier has based the development of its next-generation TRAXX 3 locomotive on the proven successes of the previous members of the TRAXX family. To date, more than 2,000 of these locomotives are operating in 20 countries, covering a combined distance of 300 million kilometres per year.CFL cargo is already operating in six countries in Europe and is specialized in international and cross-border traffics.

Together, with its sister company CFL multimodal, the railway operator addresses both the conventional and the intermodal market and enables to smoothly connect Luxembourg by rail to the major ports and economic centers in Europe._______________________________________________________________________________________________________1MS stands for multi-system, an electric locomotive able to operate on AC and DC railway electrification systems - often needed for cross-border operation.As a railway company and with the support of its subsidiaries in France, Germany, Denmark and Sweden, CFL cargo serves many of the most important European rail axes. More information available at www.cfl-mm.lu.About Bombardier 
With over 52,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety. 
Headquartered in Montreal, Canada, Bombardier has production and engineering sites in over 25 countries across the segments of Aviation and Transportation.

Bombardier shares are traded on the Toronto Stock Exchange (BBD).

In the fiscal year ended December 31, 2019, Bombardier posted revenues of £15.8 billion.

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