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Bombardier sells CRJ line

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Today, June 25th 2019, Bombardier Aerospace has signed a deal to sell the Canadair Regional Jet program to Mitsubishi. The deal worth $550 Million is for the sale of all maintenance support services, marketing and sales, and refurbishments. The sale also includes the support facilities located in Montreal, Toronto, Bridgeport West Virginia and Tucson Arizona. The only facility Bombardier will be keeping from the CRJ line for the time being is the plant where the CRJ is currently built in Mirabel… (www.youtube.com) עוד...

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Cansojr
Cansojr 8
THIS IS A HUGE MISTAKE BY BOMBARDIER.
picturetaker
Christian Parada 4
sparkie624
sparkie624 2
Big Time Mistake!
rapidwolve
rapidwolve 3
It isn't a done deal yet, and hopefully Bombardier doesn't count their eggs as the chickens have not left the building.
sparkie624
sparkie624 2
One can only hope!
Highflyer1950
Highflyer1950 3
Gee, and after hitting up the Can Gov for $375M and the Quebec Gov for $1 billion in loan guarantees for the “C” series which they sold to Airbus, just where are the $$$ ending up?
rochcomeau
Roch Comeau 1
Exactly where they said it would go, maintaining the C-Series as they divest out. They've had cash flow issues for a long time. The CRJs have been loosing money for a while and the model is long overdue for a refresh. They just don't have the cash to stay competitive. Sad facts.

At least the A220 seems to be finally selling well, so their final contribution to passenger aviation will endure for some time.
btweston
btweston 0
Anywhere they want. It’s their money.
rapidwolve
rapidwolve 1
No it isn't their money...it's our money as we lent it to them.
Cansojr
Cansojr 2
Maybe we can get the government to block the sale of sensitive technology. If Mitisubuishi is that anxious to get its hits on it, I say NO. They will just sell it back to us and that's just stupid. CAANADA must block this sale.
kevinkeswick
Kevin Keswick 1
Sad day for the Canadian aviation industry. I doubt that Mitsubishi will continue to sell and develop this product in Canada. How long before Bombardier puts its Biz jet business up for sale?
mtrainer
Mike T 2
I don't think they will. The reason behind them selling the commercial side is so they can concentrate on the Business jet side. Sales and production went up after they sold off the C series
mcollyer
Mike Collyer 1
Expected from Bombardier. Great technology, appalling business management. Huge irrecoverable mistake.
wingbolt
wingbolt 0
A couple of months ago Bombardier was suing them and now they jumped in the sack with them. Mitsubishi’s MRJ was plagued with delays. I guess the CRJ will be getting spoilerons now.
mtrainer
Mike T 1
The CRJ technically has spoilerons
sparkie624
sparkie624 1
No Technically to it... They do have Spoilerons!

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