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Tue, 4 June 2019

Bombardier Concludes Sale of Q Series Aircraft Program to Longview

Bombardier has concluded the sale of its Q Series aircraft program.

Q400. Click to enlarge.

The assets were sold to De Havilland Aircraft of Canada Limited (formerly Longview Aircraft Company of Canada Limited), an affiliate of Longview Aviation Capital Corp., for gross proceeds of approximately $300 million.

Net proceeds are expected to be approximately $250 million after the assumption of certain liabilities, fees, and closing adjustments.

Longview will carry on the production of Q400 aircraft at the Downsview Facility in Toronto, and will continue performing aftermarket services for Q Series aircraft.

Bombardier is expected to provide transitional services and will license certain intellectual property to Longview to facilitate a seamless transition of the Q Series aircraft program.

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