Japan Really Wants to Build Airplanes, $33 Billion Project Shows
- Goal is to bring companies together for new energy aircraft
- Mitsubishi Heavy shut down regional jet effort last year
Mitsubishi’s SpaceJet.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Japan’s trade ministry wants to get the country’s aviation ambitions back up in the air.
The Ministry of Economy, Trade and Industry is bringing together domestic and foreign manufacturers, as well as airlines, with the goal of introducing a new aircraft by 2035. The move comes a year after Mitsubishi Heavy Industries Ltd. scrapped the development of a regional jet after 15 years of effort.