Bombardier to sell regional jet business to Mitsubishi for $550 million

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Canadian plane and train maker Bombardier Inc will sell its money-losing regiona...

- Canadian plane and train maker Bombardier Inc will sell its money-losing regional jet business to Japan’s Mitsubishi Heavy Industries Ltd for $550 million in cash, the companies said on Tuesday.

The company’s regional jet program has no orders beyond 2020. Nevertheless, CRJ’s profitable aftermarket sales and engineering expertise would be useful for Mitsubishi, which is trying to develop and certify its delayed regional jet program, the MRJ. Bombardier and Mitsubishi had previously said they were holding talks over the regional jet program, confirming a report in industry news site The Air Current.

 

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:O

Keep in mind that Mitsubishi was also the maker of the Zero fighter plane, which the Corsair tore to shreds.

That’s it? I’m sure the Canadian government has given that and more in tax relief ! Basement deals !

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