MoFo Advises Mitsubishi Heavy Industries in Its Acquisition of Canadair Regional Jet Program

06/25/2019

Randy Steven Laxer, Isamu Inohara, Seth M. Graham, Adam S. Harris, Aya Eguchi, Yohei Nakagawa, and Susanne Nolsoee Petersen

Corporate, Mergers + Acquisitions, Mergers + Acquisitions | Japan, and Japan

MoFo News Item

MoFo is advising Mitsubishi Heavy Industries, Ltd. (MHI) in its US$550 million asset acquisition of the Canadair Regional Jet (CRJ) program from Bombardier Inc., a global leader in the transportation industry. The deal was announced on June 25, 2019, and is expected to close by the second quarter of 2020.

Under the agreement, MHI, which is one of the world’s leading industrial firms, will acquire the maintenance, support, refurbishment, marketing, and sales activities for the CRJ program, including the related services and support network in Canada and its service centers in the United States, as well as the aircraft type certificates. The transaction is a key step in MHI's strategy of expanding its aircraft business globally, with a mid-term focus on North America, and it positions MHI to transform and lead the underserved regional jet business.

The MoFo team advising MHI is led by Tokyo corporate partner Randy Laxer, and includes of counsels Sam Inohara and Seth Graham, and associates Adam Harris, Aya Eguchi, Yohei Nakagawa, and Susanne Petersen.

Read the company’s press release.

Email Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.

©1996-2019 Morrison & Foerster LLP. All rights reserved.