Mitsubishi Heavy Industries, Ltd. and Bombardier Inc. (Bombardier) of Canada have agreed that all closing conditions have been met and the transaction pertaining to the acquisition of Canadair Regional Jet (CRJ) Program will close on June 1, 2020. The Program will be operated under the newly create...

Bombardier Aviation is now solely a business jet franchise, following an agreement reached with Mitsubishi Heavy Industries (MHI) for the $550 million (£432 million) sale of its Canada Regional Jet program. The agreement, expected to close during the first half of 2020, includes the assumption...