September 2022, Virtual
September 29 2022, Virtual
Now in its 27th year, the Business Travel Awards
Mitsubishi Heavy Industries is beginning a $1 billion project to build Japan”s first passenger jet with the short-haul MJ. Commercial production of the small jet, dubbed the MJ jet for Mitsubishi Jet, is due to start in April 2012. Mitsubishi Heavy said the firm plans to set up a special purpose company as early as 2008 to finance the MJ project and seek investment from the government, major banks and trading companies to diversify financial risk. The MJ will come in 72-seat and 92-seat versions and is part of a larger effort by Japan to develop aircraft that are more fuel efficient and make less noise.