Bombardier To Sell Q400 Program to Viking Air | Aviation International News

Bombardier To Sell Q400 Program to Viking Air

Streamlining exercise also to include sale of business aircraft training unit to CAE

The Bombardier Q400's backlog stood at 56 aircraft at the end of June. (Photo: Bombardier)

By Gregory Polek • Senior Editor

November 8, 2018

Bombardier will sell its Q400 turboprop program to Canadian airframe maker Viking Air for $300 million as part of a streamlining exercise expected to include the elimination of some 5,000 jobs over the next 12 to 18 months, the company announced Thursday. Bombardier also said it agreed to sell its business aircraft training unit to CAE for $645 million. The company expects both transactions to close by the second half of 2019 and generate net proceeds after assumption of certain liabilities, fees, and closing adjustments of $900 million.

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