Bombardier caps commercial-jet exit with CRJ sale to Mitsubishi

Bombardier Inc. is selling its regional-jet business to Mitsubishi Heavy Industries Ltd., ending the Canadian company’s foray into commercial aircraft after more than three decades. Mitsubishi agreed to pay $550 million for the maintenance, support, marketing and sales operations of the aging CRJ program, the companies said Tuesday. The Tokyo-based manufacturer, which is developing the […]

Li to enter leasing business?

Will Li Ka-shing be cashing in on the aircraft leasing business? Hong Kong’s Li Ka-shing, known as “Asia’s richest man,” made some recent moves indicating he wants to invest in the US$200 billion global aircraft leasing business. A Reuters story said that his investment firm, Cheung Kong, is currently discussing a possible joint venture with […]

Farnborough orders top $100 billion

Lessors and carriers from around the world placed over 900 commercial aircraft orders and commitments at last week’s Farnborough Air Show, with a value (at list prices) of well over US$100 billion . This is well up from the 2012 edition of the Farnborough Show, and comes despite fears by some in the industry that backlogs […]
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