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

Reuters Tuesday, 25 June 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.
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News video: Bombardier Gives Up On Commercial Aviation

Bombardier Gives Up On Commercial Aviation 00:39

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...

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