Bombardier exits commercial aviation with sale of regional jet…

Bombardier Inc said 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. Montreal-based Bombardier has been selling off its weaker-performing commercial plane programs aimed at airlines to focus on profitable […]
Source: http://www.ncairways.co/aviation/bombardier-exits-commercial-aviation-with-sale-of-regional-jet/