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Bombardier is finalizing the sale of its CRJ series of aircraft to Mitsubishi. (Photo: AirlineGeeks | William Derrickson)

Mitsubishi and Bombardier to Close CRJ Deal in June

Mitsubishi Heavy Industries and Bombardier announced on Thursday that they will close their deal for the CRJ aircraft series on June 1. Bombardier is selling the line to Mitsubishi for $500 million whilst Mitsubishi will assume liabilities worth $200 million. Bombardier will maintain CRJ production until the aircraft’s backlog runs out later this year. A new entity to manage the jet’s sale and development, called MHI RJ Aviation Group (MHIRJ), will begin operations upon closing, the two companies said in…

Whether to Lease or to Buy: An Introduction to Aircraft…

Aircraft are considerably expensive purchases, especially when buying dozens of them for your airline. With orders frequently totaling in the billions of dollars, it is hard to imagine how an airline could possibly pay for all of the planes they have. Purchasing huge numbers of aircraft can tie up considerable…