Bombardier concludes sale of the Q Series Aircraft Programme to Longview:
4 June 2019: Bombardier has sold the Q Series aircraft programme assets to De Havilland Aircraft of Canada Limited a subsidiary of Longview Aviation Capital Corporation for about $300 million. Net proceeds will be around $250 million after the assumption of certain liabilities, fees, and closing adjustments.
The production of the Q400 aircraft will be carried on by Longview at the Downsview Facility in Toronto and will continue to perform aftermarket services for Q Series aircraft. Transitional services will be offered by Bombardier and they will also license certain intellectual property to Longview for an easy transition of the Q Series aircraft programme.
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