Longview....
Longview Aviation Capital Corp. Agrees to Acquire Dash 8 Program from Bombardier Inc.
Production to Continue Uninterrupted at Downsview Facility
Includes Trademark to Iconic De Havilland Brand
Longview Aviation Capital Corp., parent company to Viking Air Limited, a leading Canadian aircraft manufacturer, today agreed to acquire, through an affiliate, the entire Dash 8 program including the 100, 200 and 300 series and the in-production Q400 program from Bombardier Inc. Also included as part of the transaction are rights to the De Havilland name and trademark in an all-Canadian transaction.
Once completed, Longview will become North America’s largest commercial turbo-prop aircraft manufacturer.
“The Dash 8 turbo-prop is the perfect complement to our existing portfolio of specialized aircraft including the Twin Otter and the Canadair CL 215 and 415 series of water bombers,” said David Curtis, CEO of Longview Aviation Capital Corp. “We see enormous value in the De Havilland Dash 8 program, with these aircraft in demand and in use all around the world.”
As part of the agreement, Longview will receive all assets and intellectual property and Type Certificates associated with the Dash 8 program. Upon the closing of the transaction, Longview will also assume responsibility for the worldwide product support business – covering more than 1,000 aircraft either currently in service or slated for production.
Longview will continue to independently operate the program at the original De Havilland manufacturing site located at Downsview, Ontario upon closing of the transaction. The Downsview site was sold by Bombardier earlier this year but, under the terms of a lease with the new owners and a license from Bombardier, production will remain on-site until at least 2021. As part of the transaction Longview also looks forward to welcoming Bombardier employees currently associated with the production, support and sales of the Dash 8 program.
Since 1928, De Havilland Canada has been building utility-built aircraft for customers here at home, and around the world.
www.vikingair.com