Bombardier is in talks with Mitsubishi for the sale of its CRJ program

Montreal, Quebec, - Bombardier is in talks with Mitsubishi Heavy Industries to sell its CRJ regional jet program.

Both Bombardier and Mitsubishi have confirmed that they were negotiating on the CRJ regional jet program of the Canadian aircraft manufacturer. According to Bloomberg news agency, an agreement could be announced at the Paris Air Show this month.

Bombardier already handed over a majority stake in its CSeries program to Airbus. The manufacturer also sold its Q Series (Q100, -200, 300, and 400) programs to Longview Aviation Capital subsidiaries Viking Air and De Havilland.

If th CRJ Program is sold to Japanese Mitsubishi, Bombardier will rely on only its main profit driver executive jet program.

The 70 to 100-seat regional jet programs represent a different market segment in the industry compared to the 150 to 200-seat single-aisle jet programs such as the Airbus A320 and Boeing 737.

The largest variant of the CRJ jets can accomodate around 100 passengers. There are roughly 1,500 CRJ Jet in service around the world.

The acquisition of CRJ program would help Mitsubishi Aircraft to accelerate its ongoing efforts to enter the regional jet market with a reliable aircraft. The company is working on its own regional jet program (MRJ) more than a decade, which was plagued by program interruptions and cost overruns.