Canada's pain Japan's gain, as Mitsubishi buys CRJ jet from Bombardier
Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now.
Japan's Mitsubishi, which agreed on Tuesday to buy Bombardier's loss-making regional jet program, plans to exploit the Canadian company's support network and global customer list to rejuvenate its delayed efforts to conquer the jet market.
Japan's return to the aircraft market for the first time in 50 years had run into trouble as the Mitsubishi Regional Jet hit seven years of delays; but Bombardier's withdrawal from the cut-throat commercial aerospace sector gives Japan a second chance.
The deal comes days after Mitsubishi announced a redesigned 65-88-seat regional jet at the Paris Airshow and gave the MRJ a facelift and new brand: Spacejet, promoting high cabins which it says will allow passengers to store rollerbags in overhead bins.
"One of the strongest barriers to...