Mitsubishi Heavy Industries, Bombardier to close acquisition of Canadair Regional Jet Program on June 1

Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011) and Bombardier Inc. (TSX: BBD.B) have announced their agreement to complete all closing conditions pertaining to the acquisition of Canadair Regional Jet (CRJ) Program on June 1, 2020, the companies said.

The Program will be operated under the newly created group entities of MHI RJ Aviation Group (MHIRJ) and will commence upon closing.

As part of the acquisition, MHI acquires the maintenance, support, refurbishment, marketing, and sales activities for the CRJ Series aircraft, along with the type certificates. This includes the CRJ related services and support network mainly located in Mirabel, Québec, and Toronto, Ontario in Canada, Bridgeport, West Virginia, and Tucson, Arizona in the United States. CRJ Spare parts will continue to be distributed from depots in Chicago, Illinois and Frankfurt, Germany.

MHI RJ Aviation Group (MHIRJ) provides comprehensive critical operational and customer support solutions including maintenance, refurbishment, marketing and sales activities for the global regional aircraft industry.

Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is an industrial firm with 80,000 group employees and annual consolidated revenues of around USD 38 billion. F