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Longview Aviation Capital is resurrecting the de Havilland Aircraft of Canada Limited name for the new entity that will govern its global Dash 8 aircraft business.
That announcement came on June 3 with the formal completion of Longview’s acquisition of the entire Bombardier Dash 8 program, including the 100, 200 and 300 series and the in-production Q400. The Dash 8 joins Longview’s comprehensive portfolio of aircraft programs, including the Twin Otter and the DHC-1 through DHC-7 series, as well as the former Canadair CL-215, CL-215T, and CL-415 waterbomber aircraft. Longview is the parent company of B.C.-based Viking Air Limited.
Bombardier confirmed the deal’s closing for gross proceeds of approximately $300 million. Net proceeds are expected to be approximately $250 million after the assumption of certain liabilities, fees, and closing adjustments.
De Havilland Aircraft of Canada Limited will continue to produce, service and support Dash 8 and Q400 aircraft from the current Downsview factory in Toronto under land lease agreements which extend until 2023.
Todd Young, a 30-year veteran of Bombardier who most recently was responsible for the Q-Series program, will lead the business as chief operating officer. Most of the previous Downsview workforce, and all existing union agreements, have transitioned to de Havilland Aircraft of Canada, ensuring operational continuity and a seamless transition for customers.
“We are excited to begin the next chapter for this aircraft program and to share the de Havilland Aircraft of Canada brand with the world,” said Young. “Our team at Downsview is engaged and motivated, and we look forward to working with our customers, suppliers and industry partners to maintain the Dash 8 turboprop’s position as one of the world’s most important commercial aircraft.”
De Havilland Aircraft of Canada Limited has obtained all regulatory approvals from Transport Canada and relevant competition authorities.
“We are thrilled to assume responsibility for this exceptional aircraft program, and welcome the more than 1,200 professionals that are joining de Havilland Aircraft of Canada from Bombardier,” said David Curtis, CEO of Longview Aviation Capital. “We are particularly proud to introduce de Havilland Aircraft of Canada as an operating company and return the de Havilland Canada brand to prominence in the global aerospace industry. The iconic de Havilland name dates back almost 100 years, and is responsible for some of the most renowned aircraft in aviation history.”