Canadian aircraft manufacturer Bombardier has announced the sale of its Dash 8 turboprop program to Viking Air, a subsidiary of Longview Aviation Capital Corporation, for $300 million.
Bombardier says the sale includes the Q400 program as well as all assets and intellectual property for other Dash 8 models including the -100, -200, and -300.
Bombardier also adds that the transaction will close by the second half of next year. Upon the deal’s completion, Longview will be the largest turboprop manufacturer in North America alongside its production of the DHC-6 Twin Otter Series, the DHC-2T Turbo Beaver, and the CL-415 Enhance Aerial Firefighter.
“The Dash 8 turboprop is the perfect complement to our existing portfolio of specialized aircraft including the Twin Otter and the Canadair CL 215 and 415 series of water bombers. We see enormous value in the de Havilland Dash 8 program, with these aircraft in demand and in use all around the world,” said David Curtis, CEO of Longview Aviation Capital Corp & Viking Air, in a statement. The statement mentioned a “business-as-usual approach will see no interruption to the production, delivery, and support of these outstanding aircraft.”
This is the second project this year that Bombardier has sold. They had ceded control of the CSeries passenger plane in July to Airbus, which is now the A220.
The CRJ is now Bombardier’s primary commercial jet product. Bombardier says that it will give “full attention” to the CRJ program and will “explore strategic options” for the CRJ while focusing on reducing costs and increasing volumes as well as “optimizing” the aftermarket for the 1,500 CRJs currently in service.
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