Bombardier has agreed to sell its regional jet program to Mitsubishi Heavy Industries for US$550 million. The deal marks the end of an era for Bombardier, which will withdraw from the commercial jet market.
Bombardier Transportation has received an order to supply 30 additional Bombardier Flexity trams to the Brussels Intercommunal Transportation Company in Belgium. This second order is part of a framework contract for up to 175 trams with an initial call off of 60 trams signed in April last year.
Bombardier will sell the Q Series aircraft program for $800 million to a wholly owned subsidiary of Longview Aviation Capital Corporation. At the same time, the Canada-based company said the de Havilland trademark would go to CAE for $300 million.
A new US airline start-up has announced a commitment for 60 Airbus A220-300 aircraft, with deliveries beginning in 2021. This new airline is backed up by a group of experienced investors led by David Neeleman, founder of JetBlue, investor in TAP in Portugal and controlling shareholder in Azul airlines in Brazil.
The closing of the previously announced C Series transaction between Airbus, Bombardier and Investissement Québec has come into effect.
airBaltic welcomed its ninth Bombardier CS300 jet, registered as YL-CSI, to Riga. By the end of 2018, the Latvian airline plans to have a total of 14 CS300 aircraft on its fleet.
Having received all required regulatory approvals, Airbus, Bombardier and Investissement Québec have agreed to close the C Series transaction effective on July 1st.
airBaltic and Bombardier Commercial Aircraft have announced that the parties have executed a firm purchase agreement for the sale and purchase of 30 Bombardier CS300 aircraft. The deal also includes options for an additional 30 aircraft of the same type.
In a surprise decision, the International Trade Commission has found that the aviation industry in the United States is not “materially injured” by the import of 100- to 150-seat civilian aircraft from Canada. The decision means Bombardier will not have to pay a proposed levy of over 200 per cent to import its C Series jets to the United States.
airBaltic carried over 260,000 passengers in December last year, or roughly 27 per cent more than in the same period of 2016. The figure is the largest number of transported passengers in December in the Latvian airline’s history.
United States secretary of commerce Wilbur Ross has found in favour of United States-based manufacturer Boeing in a dispute over aircraft sales. Ross ruled Canada-based Bombardier received government subsidies and sold its C-Series jets below cost price in the US, a step likely to lead to tariffs of more than 200 per cent on the plane.