Mitsubishi and Bombardier announced today that Mitsubishi will acquire Bombardier’s regional jet program for $550 million USD.
Mitsubishi will acquire 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 centers located in Bridgeport, West Virginia, and Tucson, Arizona, as well as the type certificates.
This acquisition is complementary to Mitsubishi’s existing commercial aircraft business, in particular the development, production, sales and support of the Mitsubishi SpaceJet commercial aircraft family.
The CRJ production facility in Mirabel, Québec will remain with Bombardier. Bombardier will continue to supply components and spare parts and will assemble the current CRJ backlog on behalf of Mitsubishi. CRJ production is expected to conclude in the second half of 2020, following the delivery of the current backlog of aircraft.
The transaction is currently expected to close during the first half of 2020 and remains subject to regulatory approvals and customary closing conditions.