M&A 2019 Annual Review

MITSUBISHI HEAVY INDUSTRIES “AS WE OUTLINED DURING THE RECENT PARIS AIR SHOW, WE ARE WORKING HARD TO ENSURE THAT WE PROVIDE NEW PROFIT POTENTIAL FOR AIRLINES AND SET A NEW STANDARD FOR PASSENGER EXPERIENCE. THIS TRANSACTION REPRESENTS ONE OF THE MOST IMPORTANT STEPS IN OUR STRATEGIC JOURNEY TO BUILD A STRONG, GLOBAL AVIATION CAPABILITY. IT AUGMENTS THESE EFFORTS BY SECURING A WORLD- CLASS AND COMPLEMENTARY SET OF AVIATION-RELATED FUNCTIONS INCLUDING MAINTENANCE, REPAIR AND OVERHAUL (MRO), ENGINEERING AND CUSTOMER SUPPORT.” SEIJI IZUMISAWA, PRESIDENT AND CEO, MITSUBISHI HEAVY INDUSTRIES, LTD. Morrison & Foerster advised Mitsubishi Heavy Industries, Ltd. (MHI), a Japanese multinational engineering, electrical equipment and electronics company, in its carve-out acquisition of the Canadair Regional Jet Program (CRJ) from Bombardier Inc., a global leader in the transportation industry. Complementing MHI’s existing commercial aircraft business, the transaction is a key step in MHI’s strategy of expanding its aircraft business globally, with a mid-term focus on Japan and North America. It also positions MHI to transform and lead the regional jet business with bolstered customer support functions through enhanced maintenance and engineering capabilities of the CRJ Program. 17 MORRISON & FOERSTER 2019 M&A ANNUAL REVIEW