Bombardier Finalizes Sale Amphibious Aircraft Program

Bombardier is pleased to confirm that it has closed the previously announced sale of its Amphibious Aircraft program to British Columbia-based Viking Air Limited. The agreement covers the Type Certificates for all variants of the aircraft, the CL-215, the CL-215T and the Bombardier 415 aircraft as well as after-market services. This divestiture positions Bombardier to better focus on core, higher growth sectors: business jets, commercial aircraft and rail transportation.

The transaction has received the approval of all appropriate regulatory authorities and other consents from government bodies.

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Source: Bombardier Inc.
Date: Oct 3, 2016