Bombardier has disclosed that it is selling its Dash 8 turboprop programme to a subsidiary of Longview Aviation Capital Corporation for $300 million.
Longview is a holding company which includes Viking Air, the manufacturer of the revived DHC-6 Twin Otter programme.
Bombardier says the sale includes the Q400 programme, as well as all assets and intellectual property for other Dash 8 models – comprising the -100, -200 and -300.
It also involves divesting the related aftermarket operations.
Bombardier says the transaction will close by the second half of next year. It expects net proceeds of $250 million.
Having already sold the CSeries twinjet programme to a partnership controlled by Airbus, Bombardier has been left with the CRJ regional jet as its primary commercial air transport product.
Bombardier says it will give its “full attention” to the CRJ programme.
It says it will also “explore strategic options” for the CRJ, while focusing on reducing costs and increasing volumes, as well as “optimising” the aftermarket for the fleet of 1,500 CRJs in service.
Source: Cirium Dashboard