As part of the deal with Mitsubishi

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wholesale jerseys from china Bombardier Inc said on Tuesday it will sell its money losing regional jet business to Japan Mitsubishi Heavy Industries Ltd (MHI) for US$550 million in cash, in a deal marking the Canadian plane and train maker exit from commercial aviation.Montreal based Bombardier has been selling off its weaker performing commercial plane programs aimed at airlines to focus on profitable business jets and passenger rail cars. The cheap jerseys review company faced a cash crunch in 2015 while bringing a larger narrowbody to market.As part of the deal with Mitsubishi, which is expected to close in the first half of next year, the Japanese firm will also take over a US$200 million debt.Quebec will not invest in Bombardier’s regional jet program, economy minister saysEnd of an era as Bombardier eyes exiting regional jet businessBombardier in talks to sell its last commercial jet business to MitsubishiIn an interview, Bombardier Chief Executive Alain Bellemare said some proceeds from the deal would go toward paying down debt, although he would not offer specifics.not going to do the math, but that clearly the game plan, he said by phone.Bombardier has an additional US$400 million liability from residual value guarantees provided to airlines on the regional jet program.Bombardier will continue to assemble its regional jet planes (CRJ), but will stop making cheap jerseys in usa the aircraft in the second half of 2020, after it finishes delivering its remaining backlog of 42 orders.CRJ profitable aftermarket sales, engineering expertise and heavy maintenance centers in the United States, would be useful for Mitsubishi, which is trying to develop and certify its delayed regional jet program, the MRJ.an important step for us as a whole, said Dan Lochmann, a spokesman for MHI.Bellemare said about 400 workers who produce the CRJ in the Montreal area would likely find other jobs, such as with Europe Airbus SE which acquired Bombardier former flagship commercial plane last year. The plane is now called the A220.believe there are plenty of opportunities to reposition these people, he said.Mitsubishi is to Bombardier workforce, such as its engineers and customer support workers, Lochmann said by phone from Japan. wholesale jerseys from china

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