It's being reported that Mitsubishi Heavy Industries is in advanced talks with Bombardier to buy its CRJ regional aircraft program, for an undisclosed sum.
It was confirmed by Bombardier on June 5, that it was discussing the future of its CRJ program with its Japanese counterpart, Mitsubishi Heavy Industries.
Approval is subject to completed due diligence.
In a statement, the aircraft maker said: “While Bombardier does not generally comment publicly on market speculation or rumours, in light of recent media reports, Bombardier believes it is prudent to advise stakeholders that it is in discussions with Mitsubishi Heavy Industries, with respect to its CRJ Program.”
Separately Mitsubishi Heavy Industries issued a statement confirming that it was holding “discussions relating to a possible transaction involving Bombardier’s regional jet program with strict adherence to the applicable competition rules and regulations”.
It's rumoured that an announcement could come during the 2019 Paris Air Show.