MONTREAL - Bombardier Inc. and Mitsubishi Heavy Industries Ltd. are in talks regarding the possible sale of Bombardier’s CRJ regional jet business, a deal that would mark the plane-and-train maker’s exit from commercial aviation and shift the industry landscape. The news boosted Bombardier’s stock nearly 10 per cent or 19 cents to close at $2.15 on Wednesday. Bombardier, which would not disclose details of the talks, said recently it would explore strategic options for the CRJ program. It sold a majority stake in its C Series commercial aircraft program last year to Airbus, which rebranded it the Airbus A220. The sale of Bombardier’s Q Series to the B.C.-based Longview Aviation Capital Corp. closed Monday at $250 million after liabilities, fees and closing adjustments.

Source: thestar June 05, 2019 11:48 UTC