Bombardier Sells CRJ Program to Mitsubishi Heavy Industries

Following speculation which grew throughout June regarding a potential deal, Bombardier announced today that it will sell its Canadair Regional Jet (CRJ) program to Mitsubishi Heavy Industries (MHI) for $550 million USD. MHI will assume liabilities of around $200 million and take control of support facilities in Montréal, Toronto, Bridgeport, WV and Tucson, AZ.

MHI pursued this purchase because the CRJ program aligns with its nascent Mitsubishi SpaceJet program.  According to Seiji Izumisawa, MHI’s president and chief executive officer, acquiring the CRJ program will bolster its position in the regional aircraft marketplace: “In combination with our existing infrastructure and resources in Japan, Canada and elsewhere, we are confident that this represents one effective strategy that will contribute to the future success of the Mitsubishi SpaceJet family.”

According to fleet data in mba’s REDBOOK, Bombardier has produced 1,978 CRJ aircraft. 1,464 of those are in active service.

Sources: Bombardier; MHI