Deals

Bombardier Jumps as Mitsubishi Weighs Buying Regional-Jet Unit

CRJ is Canadian company’s last foothold in commercial aircraft
Deal would help Japanese manufacturer achieve longtime goal

A Bombardier Inc. CRJ-1000.
Photographer: Luke MacGregor/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Bruce Einhorn

June 5, 2019 at 7:53 AM UTC

Updated on

June 5, 2019 at 5:40 PM UTC

This article is for subscribers only.

Bombardier Inc. climbed the most in three months on word that the company is in talks to sell its CRJ regional jet program to Mitsubishi Heavy Industries Ltd., a move that would end the Canadian industrial champion’s involvement in commercial aircraft.

Both sides confirmed they were in discussions after the Air Current reported Wednesday that negotiations were at an advanced stage. The aviation blog said an agreement could be announced as early as the Paris Air Show, which starts June 17.