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NewsAlert: Bombardier sells regional jet business to Japanese firm Mitsubishi

A Bombardier logo is shown at a Bombardier assembly plant in Mirabel, Que., on October 26, 2018. THE CANADIAN PRESS/Graham Hughes

MONTREAL — Bombardier Inc. has signed a deal to sell its regional jet program to Mitsubishi Heavy Industries Ltd.

Under the deal, Mitsubishi will pay US$550 million in cash and assume liabilities totalling about US$200 million.

 

More coming.

 

Companies in this story: (TSX:BBD.B)

 

 

The Canadian Press