Connect with us

Hi, what are you looking for?

Asia Business

Japan’s Mitsubishi Heavy scraps troubled passenger jet project – AFR


Mitsubishi Heavy Industries said Tuesday it had abandoned its struggling project to develop a passenger plane, a decade after the jet was due for commercial rollout.

The Japanese company said its SpaceJet, which suffered repeated delivery delays and technical glitches, had “failed to confirm sufficient business viability”.

The development of the twin-engine plane for short flights had marked a new chapter for Japan’s aviation sector, which last launched a commercial airliner in 1962.

But the project — started in 2008 under the name Mitsubishi Regional Jet, with the first deliveries planned for 2013 — had big trouble getting off the ground.

Some test flights were aborted because of air conditioning defects and other software problems, and the delays meant revisions to the original design were required.

It was “difficult to obtain understanding and necessary cooperation from global partners”, and “further extensive funding” was needed to get the plane’s design approved, Mitsubishi Heavy said.

North American regulations, pilot shortages and the need to find “decarbonisation solutions” also contributed to the project’s demise, the company said.

The jet programme, which was backed by the Japanese government and major firms including Toyota, changed its name to SpaceJet in 2019.

Mitsubishi Heavy said its decision “will have no material impact on MHI’s financial results”.

#Japans #Mitsubishi #Heavy #scraps #troubled #passenger #jet #project

You May Also Like

Business

State would join dozens of others in enacting legislation based on federal government’s landmark whistleblower statute, the False Claims Act

press release

With a deep understanding of the latest tech, Erbo helps businesses flourish in a digital world.

press release

#Automotive #Carbon #Canister #Market #Projected #Hit #USD New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) —  According to a comprehensive research report by Market...

press release

Barrington Research Analyst James C.Goss reiterated an Outperform rating on shares of IMAX Corp IMAX with a Price target of $20. As theaters...