Mitsubishi in trattativa con Bombardier per acquisire il programma CRJ


Bombardier vende(rebbe) il programma CRJ a Mitsubishi

Da ch-Aviation

Japanese conglomerate Mitsubishi Heavy Industries (MHI) has confirmed it is in talks to acquire the CRJ series of jets from Bombardier Aerospace (BBA, Montréal Trudeau).

MHI is the parent firm of Mitsubishi Aircraft Corporation which is currently developing its own line of regional jets, the MRJ70 and the MRJ90, and is hoping to debut the latter in 2020.

"It has been reported in media that MHI is in advanced negotiations to acquire Bombardier’s CRJ program," it said in a statement. "It is true that we are in discussions relating to a possible transaction involving Bombardier's regional jet program with strict adherence to the applicable competition rules and regulations. However, neither has any corporate decision been made, nor are there any prospects as to the contents of such a transaction."

For its part, Bombardier confirmed the talks but refused to comment on their current status.

"Before any agreement can be reached further review and analysis by Bombardier management and approval by Bombardier's Board of Directors are required, and Mitsubishi Heavy Industries, Ltd. must complete its due diligence review and own analysis and approval process, which are outside of Bombardier's control. There can be no assurance that any such discussions will ultimately lead to an agreement," it said in a separate statement.

As part of the winding down of its commercial aviation activities, the Canadian manufacturer sold off a controlling stake in its C Series Aircraft production line to Airbus last year. Following that, it recently completed the sale of its Dash 8 product line to Longview Aviation Capital Corp. which has, in turn, incorporated it into its recently launched subsidiary, De Havilland Aircraft of Canada.

ironically, Bombardier reinitiated legal proceedings against Mitsubishi Aircraft Corporation America (MACA) earlier this month claiming the poaching of its staff by MACA had lead to delays in the certification of the CSeries (now A220) and the Global 7000, now 7500, line of jets.
 
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Mitsubishi Aircraft parent reaches deal to acquire CRJ programme


Bombardier has disclosed a "definitive agreement" under which Mitsubishi Heavy Industries will acquire the Canadian manufacturer's regional-jet programme.
MHI will pay a cash consideration of $550 million upon the deal's closing, in addition to assuming liabilities of $200 million, says Bombardier.
It adds that its net beneficial interest in the Regional Aircraft Securitization Program (RASPRO), valued at $180 million, will be transferred to MHI.
The Japanese group – parent to Mitsubishi Aircraft, which manufactures the SpaceJet regional airliner family – is acquiring the maintenance, support, refurbishment, marketing and sales activities for Bombardier's CRJ-series aircraft.
Bombardier specifies that the deal includes service centres in Montreal, Toronto and the US cities of Bridgeport in West Virginia and Tucson, Arizona. MHI also takes over the type certificates.
However, the CRJ production facility in Mirabel will remain with Bombardier. The Canadian company will continue to supply components and spare parts, and will assemble the current CRJ backlog on behalf of MHI. Production of the jets is scheduled to conclude in the second half of 2020.
Bombardier says it will also retain "certain liabilities, representing a portion of the credit and residual-value guarantees totalling approximately $400 million", payable over the next four years.
The transaction with MHI, still subject to regulatory approvals, will close during the first half of 2020, Bombardier expects. It notes that a "reverse break fee" is payable by MHI under certain circumstances.
Describing the acquisition as "complementary" to the buyer's existing commercial aircraft business, Bombardier asserts that "the maintenance and engineering capabilities of the CRJ programme will further enhance critical customer support functions, a strategic business area for MHI in the pursuit of future growth".
MHI chief executive Seiji Izumisawa meanwhile states: "As we outlined during the recent Paris air show, we are working hard to ensure that we provide new profit potential for airlines and set a new standard for passenger experience.
"This transaction represents one of the most important steps in our strategic journey to build a strong, global aviation capability. It augments these efforts by securing a world-class and complementary set of aviation-related functions including maintenance, repair and overhaul, engineering, and customer support."
The deal is framed as "the completion of Bombardier's aerospace transformation" by Alain Bellemare, the Canadian company's chief.
He adds: "We have a clear path forward and a powerful vision for the future. Our focus is on two strong growth pillars – Bombardier Transportation, our global rail business, and Bombardier Aviation, a world-class business-jet franchise with market-defining products and an unmatched customer experience."

FlightGlobal
 
Ma Mitsubishi non aveva un contenzioso proprio con Bombardier per questioni di copyright sul programma MRJ? Cioe' ora se li comprano?