🇬🇧

Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

Credit: Reuters- Published on June 25, 2019
Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation.
Advertisement

Credit: Wochit Business
Published on June 26, 2019 -  00:39
Bombardier Gives Up On Commercial Aviation
CNN reports Bombardier has given up on commercial aviation, selling its regional jet business to Mitsubishi Heavy Industries for $550 million in cash. The sale marks the end of an era for Montreal-based Bombardier, which has been forced to admit defeat in the face of heavy competition from the industry's entrenched duopoly, Boeing and Airbus . Bombardier CEO Alain Bellemare said the deal "represents the completion of Bombardier's aerospace transformation.

You are here

Recent related videos from verified sources

Airlines Stock Affected By Boeing 737 Max Issues 00:40
Credit: Wochit Business - Published on June 28, 2019 


Bombardier gives up on commercial aviation 00:39
Credit: Rumble - Published on June 26, 2019 


You might like