MITAC was established on 1 April 2008. MHI owned 64% of the shares of the company, while
Toyota Motor Corporation and
Mitsubishi Corporation each owned 10% of the shares; other shareholders include state-owned
Development Bank of Japan,
Sumitomo Corporation and
Mitsui & Co. It has branch offices in
Nagoya and
Tokyo, which are co-located with MHI offices. (MRJ) prototype at
Nagoya Airfield in Komaki (2015) Following
Bombardier Aviation's divestment of its
CSeries and
Dash 8 programmes, on 25 June 2019,
MHI announced the acquisition of Bombardier's
CRJ programme, in a deal expected to close in the first half of 2020, subject to regulatory approval. MHI will benefit from Bombardier's global expertise in areas ranging from engineering and certification to customer relations and support, boosting its SpaceJet programme, and potentially enabling the SpaceJet to be produced in North America. The deal includes two service centres in Canada and two in the US, as well as the type certificates for the CRJ. Bombardier will retain its assembly facility at
Mirabel, near
Montreal, Canada, and will continue to produce the CRJ on behalf of MHI until the current order backlog is complete. In September 2019, MITAC announced the creation of the "SpaceJet Montreal Centre" in the
Boisbriand suburb of Montreal, initially employing around 100 staff to participate in Spacejet M90 certification and entry-into-service activities. Flight testing was being conducted from a site in
Moses Lake, Washington, in partnership with AeroTEC, before being stopped in May 2020 as a result of budget cuts in light of the
COVID-19 pandemic, with uncertainty about whether testing will eventually resume. On 6 February 2023, Mitsubishi Heavy Industries terminated the Spacejet project along with its plans to enter the jetliner business and planned to liquidate its Mitsubishi Aircraft Corporation subsidiary. As of April 25 2023, the company was renamed MSJ Asset Management Company as part of the liquidation and its website was taken offline. ==Products==