Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

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

The deal, which Bombardier said was completed at 6:30 a.m. ET on Tuesday, is expected to close in the first half of next year. Bombardier will continue to assemble its regional jet planes , but will stop making the aircraft in the second half of 2020, after it finishes delivering on its remaining backlog of 42 orders.

Let’s hope the new owner uses some sound ergonomic concepts in these convenient yet uncomfortable planes.

What's the likelihood the Taxpayer gets paid back for all the subsidies? My guess nothing like repayment was ever put into the paperwork..

I hated flying their cramped, uncomfortable planes. Hobbit airlines would have liked them.

I was expecting they weren’t to close manufacturing (high paying jobs) in Canada 😪

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bombardier to sell regional jet business to Mitsubishi for $550 millionCanadian plane and train maker Bombardier Inc will sell its money-losing regiona... That’s it? I’m sure the Canadian government has given that and more in tax relief ! Basement deals ! Keep in mind that Mitsubishi was also the maker of the Zero fighter plane, which the Corsair tore to shreds. :O
Source: Reuters - 🏆 2. / 97 Read more »