Longview Aviation Revenue Set To Take Off with Bombardier Q400 Turboprop Acquisition
Longview Aviation, which owns Twin Otter maker Viking Air Ltd., will see annual revenue jump toward $1-billion from about $300-million
November 8, 2018 - by David Ebner for The Globe And Mail
Victoria-based Longview Aviation Capital Corp. is set to become the continent's largest commercial turboprop-aircraft manufacturer with the $300-million acquisition of Bombardier Inc.'s Q400 turboprop business and the storied de Havilland brand.
While Bombardier is shedding employees and non-core assets, Longview Aviation, which owns Twin Otter maker Viking Air Ltd., will see annual revenue jump toward $1-billion from about $300-million as a result of the deal.
The acquisition, announced Thursday and set to close by the second half of next year, keeps Canadian aviation assets in the hands of a domestic company. Longview Aviation chief executive David Curtis also plans to revive the de Havilland name.
Viking Air said production will remain at Downsview until at least 2021.