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Mitsubishi in talks to buy Bombardier’s money-losing CRJ regional jet business

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Deal could come as soon as the Paris Air Show, which starts June 17

TOKYO — Japan’s Mitsubishi Heavy Industries Ltd, which has been developing its own regional jet program, said on Wednesday it was in talks to buy Bombardier Inc’s CRJ aircraft business.

Mitsubishi Heavy told Reuters by email that it was in discussions but that no decision had been made. The company is exploring “all strategic options” for the program including a potential sale, Bombardier Chief Executive Alain Bellemare told Reuters in January.The Montreal-based company sued Mitsubishi Heavy unit Mitsubishi Aircraft Corp last year, alleging that former Bombardier employees passed on trade secrets to help with the development and certification of the company’s new MRJ regional jet.

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Does Canada get the subsidies back too?

Did they ever have a money making division(knowing full well that cabinet is the answer)?🚬😐🥃

Doesn't this company make a profit? ... no...never did

Can’t JT just write them a cheque to cover their losses?

Take the whole company, tax payers are sick of supporting Bombardier

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