Earlier this morning, Bombardier announced it has completed its aerospace transformation, entering into a definitive agreement whereby Mitsubushi Heavy Industries will acquire Bombardier’s regional jet aircraft program.  The transaction is currently expected to close during the first half of 2020.

This strategic move enables Bombardier to better focus on two strong pillars:  Bombardier Aviation , a world-class business jet franchise with market-defining products and an unmatched customer experience; and Bombardier Transportation, a global rail business.

Bombardier is a major player in the aerospace industry with three industry leading aircraft families – Learjet, Challenger and Global – offering a total of 10 models.  Bombardier Aviation  currently has a workforce of approximately 17,000 aerospace specialists at engineering, manufacturing and production facilities in Dorval, Saint-Laurent and Toronto in Canada; Wichita and Rad Oak in the United States; and in Queretaro, Mexico.

Observed Alain Bellemare, President and Chief Executive Officer, Bombardier:  “With our aerospace transformation now behind us, we have a clear path forward.”