Mitsubishi Heavy Industries: acquisition of Bombardier CRJ business-business transfer contract signed
Mitsubishi Heavy Industries
Canada-Bombardier
On June 25, 2007, we entered into a business transfer agreement with Bombardier of Canada and Air Regional Jet (CRJ) business of Canada.
◆ Mitsubishi Heavy Industries strengthens customer support for regional jet business
◆ Expand aircraft business mainly in North America-Mitsubishi Heavy Industries global strategy
◆ Bombardier focuses on business jet business
Details of the contract:
Mitsubishi Heavy Industries pays Bombardier for $ 550 million in cash (closing payment).
In addition, we will pay $ 200 million in debt.
Mitsubishi Heavy Industries, Ltd. will inherit the beneficial interest of the Regional Aircraft Securitization Program (RASPRO) (Note) equivalent to US $ 180 million under this agreement.
This business succession:
Mitsubishi Heavy Industries, on the other hand, inherits the maintenance, customer support, refurbishment, marketing, sales functions and model certification of the CRJ series.
These include the following service and support network locations:
Montreal, Quebec, Canada
Toronto, Ontario, Canada
Bridgeport Service Center, West Virginia, USA
Tucson, Arizona, USA
Mitsubishi Heavy Industries