WASHINGTON—Bombardier’s reign as a marquee regional jet builder will end within a year now that the Canadian manufacturer has struck a deal to sell its Canadair Regional Jet program to Japan’s Mitsubishi Heavy Industries for $550 million and assumption of some debt. The companies announced early June 25 that they entered a definitive agreement for the sale, which should wrap up in the first half of 2020. CRJ production in Mirabel, Québec will stay Bombardier, and ...

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