# Mitsubishi Heavy Industries to close CRJ program acquisition on June 1, 2020

Mitsubishi Heavy Industries and Bombardier have agreed that all conditions are met for the acquisition of the Canadair Regional Jet (CRJ) Program, with closing set for June 1, 2020. The program will operate under MHI RJ Aviation Group.

- Type: Acquisition
- Announced: 2020-05-07
- Where: Mirabel, Quebec; Toronto, Ontario; Bridgeport, West Virginia; Tucson, Arizona, Canada
- Value: $550.0M
- Status: announced
- Products: CRJ Series aircraft, regional jet services and support
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (acquirer)
- [Bombardier](https://endata.com/companies/2513.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/mitsubishi-heavy-industries-ltd-and-bombardier-inc-have-agreed-on-a-june-1-2020-closing-date-for-the-transaction-pertaining-to-the-acquisition-of-canadair-regional-jet-program-816190105.html), 2020-05-07: "Mitsubishi Heavy Industries, Ltd. (MHI) and Bombardier Inc. (Bombardier) have agreed that all closing conditions have been met and the transaction pertaining to the acquisition of Canadair Regional Jet (CRJ) Program will close on June 1, 2020."
- [asia.nikkei.com](https://asia.nikkei.com/business/aerospace-defense-industries/mitsubishi-to-finalize-bombardier-regional-jet-deal-on-june-1), 2020-05-07: "Mitsubishi Heavy Industries said Thursday that it will formally acquire Bombardier's regional jet program on June 1, nearly a year after the deal was first announced, but said it will likely write down the entire value of the acquisition."
- [ch-aviation.com](https://www.ch-aviation.com/news/90026-mitsubishi-set-to-close-purchase-of-bombardiers-crj-program), 2020-05-07: "Mitsubishi Heavy Industries (MHI) will close its purchase of the CRJ Series of aircraft from Bombardier Aerospace on June 1 as originally anticipated."
- [mhi.com](https://www.mhi.com/news/20200507.html), 2020-05-07: "Mitsubishi Heavy Industries Ltd. and Bombardier Inc. have agreed that all closing conditions have been met and the transaction pertaining to the acquisition of Canadair Regional Jet (CRJ) Program will close on June 1, 2020."
- [prnewswire.com](https://www.prnewswire.com/news-releases/mhi-rj-aviation-group-launches-as-mitsubishi-heavy-industries-ltd-closes-acquisition-of-crj-series-program-from-bombardier-inc-301068197.html), 2020-06-01: "I am pleased to announce the opening chapter of MHIRJ's story."
- [ainonline.com](https://www.ainonline.com/aviation-news/air-transport/2020-06-01/mhi-closes-acquisition-bombardier-crj-program), 2020-06-01: "Mitsubishi Heavy Industries closed on its acquisition of Bombardier’s CRJ program as scheduled on Monday, marking the launch of MHI RJ Aviation Group."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.