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