Aircraft
MHI Reaches Deal To Acquire Bombardier’s CRJ Program
The contract calls for Bombardier to complete CRJ production in the second half of 2020 and continue to supply spare parts from its plant outside Montreal.
An Endeavor Air Bombardier CRJ900 takes off from Houston George Bush Intercontinental Airport. (Photo: Flickr: Creative Commons (BY) by Colin Brown Photography)
An Endeavor Air Bombardier CRJ900 takes off from Houston George Bush Intercontinental Airport. (Photo: Flickr: Creative Commons (BY) by Colin Brown Photography)

Mitsubishi Heavy Industries and Bombardier have entered into a definitive agreement under which MHI will acquire the CRJ regional jet program for $550 million in cash and assume liabilities amounting to some $200 million. Under the deal, MHI will acquire the maintenance, support, refurbishment, marketing, and sales activities for the CRJ Series, including the related services and support network located in Montréal and Toronto, its service centers located in Bridgeport, West Virginia, and Tucson, Arizona, as well as the type certificates.