Mitsubishi Heavy Industries Ltd. and Bombardier Inc. have agreed on a June 1, 2020 closing date for the transaction pertaining to the acquisition of Canadair Regional Jet Program.

Program to be operated less than new title of MHI RJ Aviation Team upon 1, June, 2020

Tokyo and Montreal – WEBWIRE

Mitsubishi Hefty Industries, Ltd. (MHI) (TOKYO:7011) and Bombardier Inc. (Bombardier) (TSX: BBD.B) 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 less than the recently established team entities of MHI RJ Aviation Team (MHIRJ) and will commence upon closing.

As part of the acquisition, MHI acquires the maintenance, assist, refurbishment, marketing, and product sales pursuits for the CRJ Series plane, along with the form certificates. This consists of the CRJ similar services and assist community generally located in Mirabel, Qubec, and Toronto, Ontario in Canada, Bridgeport, West Virginia, and Tucson, Arizona in the United States. CRJ Spare pieces will carry on to be dispersed from depots in Chicago, Illinois and Frankfurt, Germany.

Complementary to MHIs existing commercial plane business, MHIRJ will offer a holistic servicing and assist resolution for the worldwide plane field including the CRJ Series plane, and at some point, for the Mitsubishi SpaceJet household of future-generation regional jets.

Essential integration milestone updates will be furnished on an ongoing foundation.

About MHI RJ Aviation Team

MHI RJ Aviation Team (MHIRJ) delivers in depth essential operational and customer assist methods including maintenance, refurbishment, marketing and product sales pursuits for the worldwide regional plane field. Headquartered in Mirabel, Quebec, MHIRJs community of services facilities, assist offices and pieces depots are positioned in significant aviation hubs in the U.S., Canada and Germany. A wholly owned subsidiary of Mitsubishi Hefty Industries, Ltd, MHI RJ Aviation Team consists of MHI RJ Aviation ULC (Canada), MHI RJ Aviation Inc. (U.S.A.) and MHI RJ Aviation GmbH (Germany).

About MHI

Mitsubishi Hefty Industries, Ltd. (MHI), headquartered in Tokyo, is a single of the worlds top industrial companies with eighty,000 team employees and once-a-year consolidated revenues of all around US$38 billion. For a lot more than 130 years, the corporation has channeled major pondering into innovative and built-in methods that transfer the world forward. MHI owns a special business portfolio masking land, sea, sky and even area. MHI delivers innovative and built-in methods across a broad range of industries from commercial aviation and transportation to electrical power plants and gasoline turbines, and from equipment and infrastructure to built-in protection and area techniques.
For a lot more information and facts, remember to stop by MHIs web site: www.mhi.com/index.html

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