Mitsubishi Heavy Industries completes Bombardier CRJ acquisition

A CRJ-900 in the livery of American Eagle. Photo: © LoadedAaron

Mitsubishi Heavy Industries (MHI) has completed the acquisition of Bombardier’s Canadair Regional Jet (CRJ) aircraft programme on Monday.

The takeover, valued at approximately $750 million, was announced back in June 2019. Last month, the two companies first confirmed the closing date of the transaction as June 1st, after saying that all conditions of the deal have been met.

From now on, MHI is responsible for marketing, sales, maintenance, development, etc. of the CRJ aircraft family. The type certificate now also lays in Mitsubishi’s hands.

However, Bombardier will finish assembly of the last 15 remaining CRJ family aircraft, before the programme concludes.

Bombardier will continue to supply components and spare parts and will assemble the remaining 15 CRJ aircraft in the backlog as of March 31, 2020 on behalf of MHI until the complete delivery of the current backlog, expected in the second half of 2020.Bombardier Inc.

With the takeover of the aircraft, Japan’s Mitsubishi has created a new corporate entity to hold the project, called MHI RJ Aviation. On Monday morning, MHI RJ took over from Canadian Bombardier and the CRJ’s online presence (including Social Media channels) has been rebranded.

Complementary to MHI’s existing commercial aircraft business, MHIRJ will provide a holistic servicing and support solution for the global aircraft industry including the CRJ Series aircraft, and eventually, for the Mitsubishi SpaceJet family of next-generation regional jets.Mitsubishi Heavy Industries

Prior to the CRJ takeover, Mitsubishi has already been developing its own regional jet, called the ‘SpaceJet’. It is currently unclear when the first aircraft would be delivered to customers, as the programme’s US-based test flight facility has recently been closed amid the Coronavirus pandemic.