Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi
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(Reuters) - Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd (MHI) for $550 million (£433 million) in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation.Montreal-based Bombardier has been selling off its weaker-performing commercial plane programs aimed at airlines to focus on profitable business jets and passenger rail cars. The company faced a cash-crunch in 2015 while bringing..