The CRJ production facility in Mirabel will remain with Bombardier, which will also continue to supply components and spare parts as part of the deal.īombardier says the transaction is still subject to post-closing adjustments and that the company retains liabilities that represent credit and residual value guarantees totalling US$288 million. Mitsubishi chief executive Seiji Izumisawa said last year the deal is an important step towards building a strong, global aviation capability, which includes a Mitsubishi-made CRJ variant, the MRJ, that it hopes to launch this year. Bombardier Aerospace is a Canadian company that specialises in the manufacture of private jets and is one of the leaders in aircraft construction along with the. He said he does not foresee any pandemic-related delays to the US$8.2-billion sale of its rail division to French train giant Alstom SA - now undergoing regulatory scrutiny in the European Union - expected to close in the first half of 2021.įor Mitsubishi, the appeal of the CRJ lies in aftermarket sales and maintenance as well as engineering know-how. Montreal-based Bombardier said its third-quarter adjusted loss narrowed to 2 million from 95 million a year earlier. market, where the majority of regional jets are sold. For the past five years, Embraer SA’s E175 narrow-body aircraft has dominated the U.S. Once a cash cow for the Montreal-based company, the CRJ series now struggles to generate profits, 29 years after its maiden voyage. The deal adds sorely needed capital to a firm whose debt tops US$9 billion and whose backlog of business jet orders is falling as clients and companies rethink the value of a private plane purchase in a recession. The sale of its CRJ aircraft series paves the way for Bombardier to focus on its one remaining income stream - private jets - as the company ramps production back up following factory closures during the COVID-19 pandemic, which cost the company up to US$800 million last quarter. for US$550 million, cementing the plane maker’s departure from commercial aviation following a three-decade run. has completed the sale of its regional jet business to Mitsubishi Heavy Industries Ltd. If you are interested in catching a first glance of the aircraft, the mockup of the revamped Challenger 3500 is currently on display for viewing in Olbia, Italy, until August 31.Bombardier Inc. 20 entry into service (EIS) of Bombardiers Challenger 3500 also marked the operational launch of a new era of innovation inside the super mid-sized jets. “With its impressive performance, consistent reliability, and exceptionally smooth ride, the Challenger 3500 is the industry’s leading super-midsize business jet.”īombardier told Robb Report that they have received “considerable” interest from other potential customers within the European market and that the aircraft is still scheduled to enter service in the second half of 2022. for engaging content about our unmatched product portfolio, our world class. Bombardier Jets produce a wide fleet offering, catering for the modern business and private travellers who demand speed, reliability and range. ![]() “The new Challenger 3500 aircraft is the perfect charter solution for Air Corporate SRL and other flight departments, offering a truly seamless corporate travel experience,” said Ettore Rodaro, Regional Vice President of Sales in Europe, Bombardier, in a statement. Today, the name Bombardier is synonymous with business jets, but the Montreal-based company began as a snowmobile manufacturer in 1942. Among the other upgrades are standard wireless phone chargers, a voice-command system (for the lights, temperature, entertainment and more) and a largest-in-class 24-inch 4K video display.Įarlier this year, the aircraft won the prestigious “Best of the Best” Red Dot Award for its unique and innovative design. In addition to enhanced soundproofing for a quieter ride, the aircraft’s Nuage seats can tilt into a “zero-gravity” position to reduce pressure on the lower back. The offer marks for the aircraft’s debut in the European market.Īs Robb Report previously reported, the midsize 3500 features an upgraded interior that takes cues from the ultra-long-range Global 7500.
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