March 06, 2015 3:17 AM ET

Aerospace and Defense

Company Overview of Mitsubishi Aircraft Corporation

Company Overview

Mitsubishi Aircraft Corporation engages in the development, production, and sale of regional jets. It also provides customer support for MRJ products, as well as technical, operational, and spare parts support services. The company was founded in 2008 and is based in Nagoya-shi, Japan. The company has an additional office in Tokyo, Japan. Mitsubishi Aircraft Corporation operates as a subsidiary of Mitsubishi Heavy Industries Ltd.

2-15, Oye-cho

Minato-ku

Nagoya-shi,  455-8555

Japan

Founded in 2008

Phone:

81 52 611 2210

Fax:

81 52 611 2217

Key Executives for Mitsubishi Aircraft Corporation

Chairman and Chief Executive Officer
President and Chief Operating Officer
Head of Corporate Administration Division and Executive Vice President
Head of Sales & Marketing Division and Executive Vice President
Senior Vice President of Customer Support
Compensation as of Fiscal Year 2014.

Mitsubishi Aircraft Corporation Key Developments

Japan Airlines Signs Agreement with Mitsubishi Aircraft Corporation to Purchase 32 MRJ Aircraft

Japan Airlines, or JAL, has signed an agreement with Mitsubishi Aircraft Corporation for the purchase of 32 firm Mitsubishi Regional Jet, or MRJ, aircraft. JAL highly evaluates the performance of the next-generation MRJ aircraft and Mitsubishi Aircraft's proposals for operational support following deliveries. Thus far, 407 MRJ (223 firm, 160 option, 24 purchase rights) are on order, including 32 from JAL. Deliveries to JAL are scheduled to commence in 2021. J-Air Corporation (J-AIR) will operate the 32 MRJ aircraft.

Mitsubishi Aircraft Corporation to Relocate Headquarters

Mitsubishi Aircraft Corporation announced that it has relocated its headquarters from the current office in Minato-ku, Nagoya-shi, Aichi Prefecture to the terminal building of the Nagoya Airport located in Nishikasugai-gun, Aichi Prefecture, to better prepare for flight tests and mass production scheduled in the near future. The final assembly of the MRJ, as well as its ground tests and flight tests are scheduled to take place at the Nagoya Airport and Komaki South Plant of Mitsubishi Heavy Industries’ (MHI) Nagoya Aerospace Systems Works adjacent there. The HQ relocation will achieve more efficient business operation. With the relocation, Mitsubishi Aircraft will continue to dedicate its company-wide efforts for further MRJ sales as well as the success of the MRJ program. New Headquarters Address: Nagoya Airport, Toyoyama-cho, Nishikasugai-gun, Aichi 480-0287 Japan. Date of business start is January 5, 2015.

Mitsubishi Aircraft Corporation Signs Definitive Agreement with Eastern Air Lines Group, Inc. for the Purchase of Twenty Firm MRJ90 Aircraft

Mitsubishi Aircraft Corporation announced that it has signed a definitive agreement with Eastern Air Lines Group Inc. for the purchase of twenty firm MRJ90 aircraft with purchase rights to an additional twenty MRJ90 aircraft. Mitsubishi Aircraft and Eastern signed an MOU in England at the Farnborough International Airshow in July, 2014. Both companies have moved forward to conclude a definitive agreement on September 22, 2014. Deliveries are scheduled to commence in 2019. Thus far, 335 MRJ (171 firm, 160 option, 4 purchase rights) are on order, including 25 (15 firm, 10 option) from All Nippon Airways Co. Ltd., 100 (50 firm, 50 option) from Trans States Holdings Inc., 200 (100 firm, 100 option) from SkyWest Inc., 10 (6 firm, 4 purchase rights) from Air Mandalay Limited. This order brings the current number of orders for the MRJ to 375 aircraft (191 firm, 160 option, 24 purchase rights). In addition, Mitsubishi Aircraft signed a Letter of Intent (LOI) with Japan Airlines Co. Ltd. (JAL) to order 32 MRJ aircraft.

Similar Private Companies By Industry

Company Name Region
Japan Aerospace Corporation Asia
IHI AEROSPACE Co., Ltd. Asia
Satellite Network, Inc. Asia
Yamada Corporation Asia
Nec Toshiba Space Systems,Ltd. Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Mitsubishi Aircraft Corporation, please visit www.mrj-japan.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.