Mitsubishi plans Montreal aircraft design centre after Bombardier CRJ deal
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September 19, 2019 - by Canadian Press for bloomberg.com
The Mitsubishi Aircraft Corp. is putting down roots in Quebec, unveiling plans for a Montreal-area product development centre after reaching a deal in June to buy Bombardier Inc.'s regional jet program.
The office will be part of the company's push to get a single-aisle airliner off the ground in 2020 as it doubles down on regional planes. It plans to hire 100 engineers and certification specialists in Montreal within a year to assist the point team in Washington state and facilities in Nagoya, Japan.
The Quebec government is lending Mitsubishi $12 million, which will be forgiven if the Japanese firm provides high-paid employment for 250 workers over five years, Premier Francois Legault said.
Legault sought to justify the loan to a multinational that generated more than $50 million in revenue last year and in a sector that already suffers from a shortage of skilled labour.
"What I understand is that they had three scenarios, three business cases -- one in Japan, one in the United States and one in Montreal. And the package, including the expertise available and also the financial incentives, the best proposal was coming from Montreal," he told reporters Thursday...
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