Mitsubishi, Bombardier reach agreement to acquire CRJ program

MHI to acquire CRJ program. MHI will acquire the maintenance, support, refurbishment, marketing, and sales activities. Deal worth $550m in cash, $200m in assumed liabilities, $180m in a securitization program. Transaction to close first half 2020 subject to… Read More

magniX adds third customer for its electric engines

June 19, 2019, © Leeham News: AeroTEC and the electric motor airplane company magniX said today they have teams to retrofit the Cessna Grand Caravan with a 750 hp  powerplant, converting the single-engine PT-6-powered turbofan from “gas guzzling,… Read More

Paris Air Show, Day One: Mitsubishi makes case for “SpaceJet” market opportunity

By Judson Rollins June 17, 2019, © Leeham News, Paris: Senior executives from Mitsubishi Aircraft Company (MITAC) and parent Mitsubishi Heavy Industries (MHI) described the long journey to the revamped “SpaceJet” M90 and M100 aircraft. They also commented… Read More

Mitsubishi in negotiations with Bombardier to acquire the CRJ program (Updated)

By Bjorn Fehrm June 5, 2019, © Leeham News.: The Air Current broke the news earlier today Mitsubishi Heavy Industries (MHI) is negotiating with Bombardier to buy the CRJ program. BBC has got comments from both companies confirming… Read More

2019 Paris Air Show Preview

By Vincent Valery Subscription Required June 3, 2019, © Leeham News: The 2019 Paris Air Show kicks off in two weeks at the Le Bourget Exhibition Center. In this preview, we will go over what to expect from… Read More