Japan Said to Plan 100 Billion Yen Investment in Mitsubishi Jet
- State-owned bank wants to support nation's plane development
- Investment to be used for jet mass production and maintenance
The Mitsubishi Regional Jet passenger aircraft, developed by Mitsubishi Aircraft Corp.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
The Development Bank of Japan is in talks with Mitsubishi Heavy Industries Ltd. to invest 100 billion yen ($831 million) in its development of the nation’s first passenger plane in more than 40 years, two people familiar with the situation said.
The state-owned bank wants to help stimulate Japan’s aviation industry and will make a decision by the end of March, said one person, asking not to be identified because they aren’t authorized to speak on the matter.