Bombardier made a name for itself in the U.S. regional airline industry in the late 1990s when it began delivering the first CRJ-100 regional jets to Cincinnati-based Comair Airlines. The entry of regional jets to the U.S. airline marketplace spelled the death of most 19 and 30-seat regional turboprops.
Mitsubishi Acquires Bombardier’s RJ Program
Key Takeaways:
- Mitsubishi Heavy Industries acquired Bombardier's regional jet business for $550 million and assumed $200 million in liabilities.
- This sale, along with previous divestments, marks Bombardier's exit from commercial aircraft manufacturing to focus on business jets and global rail services.
- The acquisition aims to provide a much-needed boost for Mitsubishi's struggling Spacejet (formerly MRJ) commercial aircraft program, which is years behind schedule.
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