MHI acquires Bombardier’s CRJ program
The two aircraft manufacturers reached a financial agreement regarding the acquisition by Mitsubishi Heavy Industries of the CRJ program.
Mitsubishi Heavy Industries (MHI) and Bombardier could reach a definitive agreement. MHI will acquire the CRJ (Canadair Regional Jet) program for regional aircraft for an amount of 550 million dollars. With this agreement, MHI acquires the maintenance, support, refurbishment, marketing, and sales activities for the CRJ Series’ aircraft, including the related services and support network located in Montréal, Québec, and Toronto, Ontario, and its service centres located in Bridgeport, West Virginia, and Tucson, Arizona, as well as the type certificates.
The deal occurs almost three weeks after MHI confirmed it was at an advanced stage of negotiation with Bombardier. That is to say, a little time later Longview Capital, which is Viking Air’s parent company, acquired Bombardier’s Dash 8 program. The new subsidiary was renamed De Havilland Aircraft of Canada Limited which, by the way, was present on occasion of the 53rd edition of the Paris Air Show. This acquisition follows the acquisition of Airbus' majority shareholding worth 50.1 percent of Bombardier’s C series (which became since then Airbus A220-100 and A220-300), within what became Airbus Canada Limited.
MHI declared the acquisition of the CRJ program will complete its commercial aircraft’s portfolio, that is to say: the development, the production, the sales and the support of the commercial aircraft’s family Mitsubishi SpaceJet.