Mitsubishi Heavy Industries acquire Canadair Regional Jet programme:
26 June 2019: Bombardier and Mitsubishi Heavy Industries (MHI) have entered into an agreement, whereby MHI will take over Bombardier's regional jet programme for $550 million USD, payable to Bombardier upon closing, and the assumption by MHI of liabilities amounting to about $200 million USD. According to the agreement, Bombardier's net beneficial interest in the Regional Aircraft Securitisation Program (RASPRO), which is valued at around $180 million USD, will be transferred to MHI.
Under the agreement, MHI will acquire the maintenance, refurbishment, support, marketing and sales activities for the CRJ Series aircraft which includes the related services and support network situated in Montreal, Quebec, and Toronto, Ontario, and its service centres situated in Bridgeport, West Virginia, and Tucson, Arizona, as well as the type certificates.
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