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In regards to the Bombardier Inc. lawsuit against Mitsubishi Aircraft Corporation

Mitsubishi Aircraft Corporation

On Friday, October 19, 2018 (U.S.), Bombardier Inc. of Canada (“Bombardier”) filed a lawsuit against Mitsubishi Aircraft Corporation alleging that Mitsubishi Aircraft hired employees from Bombardier to acquire trade secrets. We strongly reject this lawsuit and find their allegations and assertions without merit.

The Mitsubishi Regional Jet (“MRJ”) program is developing aircraft that will set new standards for performance, airline profitability, and traveler comfort. These newer, more advanced aircraft are set to replace the previous generation of <100 seat aircraft based on their double digit fuel savings, best in class passenger comfort and Japanese quality. As a result, we see these proceedings as a recognition of our competitive product and this lawsuit primarily as an attempt by Bombardier to stifle global competition.

We will strongly defend our position in this case.