MONTREAL - Bombardier Inc. announced Tuesday a deal to sell its regional jet program to Mitsubishi Heavy Industries Ltd. for US$550 million, cementing the plane-and-train maker’s exit from commercial aviation. Mitsubishi, which will also assume liabilities totalling about US$200 million, will acquire the maintenance, support, refurbishment, marketing and sales activities for the CRJ Series aircraft. ARTICLE CONTINUES BELOWLess clear is what will happen to Bombardier’s 400 CRJ production workers in Mirabel, Que., three decades after the program first took off. “We’re going to do everything we can to keep people here,” he told The Canadian Press, adding that production workers could shift to other units — something Bombardier confirmed as a possibility. Bombardier will continue to assemble the current CRJ backlog — currently 42 planes — on behalf of Mitsubishi, with production expected to be completed in the second half of 2020.

Source: thestar June 25, 2019 12:18 UTC