Montreal - Bombardier sold its Q400 program to another Canadian aircraft manufacturer Viking Air.
The Q400 program is being sold to Viking Air for around $300 million. The take over will be completed by the end of 2019.
After this sale, Bombardier Aerospace will have no more turboprop aircraft in its portfolio. The company will focus on the development of business jets and CRJ series regional jets.
Last year, the Canadian manufacturer had sold the majority stake in the CSeries program to Airbus.
Viking Air is a small aircraft and aircraft parts manufacturer from British Columbia that is best known for the DHC-6 Twin Otter, a 19-seat STOL (Short Takeoff and Landing) aircraft developed by de Havilland Canada and currently produced by Viking Air.
With the purchase of the Q400 program, Viking Air would be able to introduce to the market a larger turboprop with more seating capacity (74 seats).
To date, there are more than 500, Q400 aircraft in service around the world.