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Elite Airways' Bombardier CRJ fleet of aircraft. (Photo: Elite Airways)

Mitsubishi Acquires Canadair Program from Bombardier

Following the sale of the C Series program to Airbus last year, Bombardier is selling its Canadair regional jet program to Mitsubishi Heavy Industries in a deal that includes maintenance and global support facilities from the Canadian aerospace firm. The deal, which will see the Japanese manufacturer take over Bombardier’s Canadair program maintenance, support, sales and marketing networks involves $550 million in direct payment from Mitsubishi, while assuming Bombardier’s liabilities accounting for $200 million. At the same time, Bombardier’s net…