Mitsubishi Heavy Industries (MHI) has added to its aircraft portfolio after striking a definitive agreement with Bombardier Aerospace to acquire the CRJ regional jet programme from the Canadian company. Under the agreement, MHI will acquire the CRJ for a cash consideration of US$550 million, payable to Bombardier upon closing, and the assumption by MHI of liabilities amounting to approximately $200 million relating to the programme. MHI will acquire the maintenance, support, refurbishment, marketing and sales activities for the CRJ series, including the related services and support network located in Montreal, Quebec, and Toronto, Ontario, and its service centres located in Bridgeport, West Virginia, and Tucson, Arizona, as well as the type certificates.
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