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 is acquiring Bombardier's regional jet business for $550 million, plus the assumption of $200 million in liabilities.
- This sale completes Bombardier's exit from the commercial aircraft industry, allowing it to focus on business jets and global rail services.
- The acquisition aims to provide a significant boost to Mitsubishi's struggling and long-delayed SpaceJet (formerly MRJ) commercial aircraft program.
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