Mitsubishi Heavy Industries, a multinational engineering company has agreed to acquire Bombardier's regional jet program for $550m and the assumption by MHI of liabilities of $200m. "As we outlined during the recent Paris Air Show, we are working hard to ensure that we provide new profit potential for airlines and set a new standard for passenger experience. This transaction represents one of the most important steps in our strategic journey to build a strong, global aviation capability. It augments these efforts by securing a world-class and complementary set of aviation-related functions including maintenance, repair and overhaul (MRO), engineering and customer support." Seiji Izumisawa, MHI President & CEO.