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

June 25, 2019 admin Business News Comments Off on Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

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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Source:: Reuters – Business News