Nagoya, Japan: Mitsubishi Aircraft, the maker of Japan's first domestically developed passenger jet, is in talks with five to six potential customers and aims to turn profitable in 10 years when it will have cumulatively sold 500 planes, its president said.
The company, owned 64 per cent by Mitsubishi Heavy Industries, is planning to start production of the Mitsubishi Regional Jet (MRJ) by early next month and make its first deliveries to customers in 2014.
The MRJ will be built in 70-seat and 90-seat variants, placing it in competition with jets made by Brazilian group Embraer and Canadian company Bombardier Inc as well as planes designed by Russian and Chinese firms.Mitsubishi says its planes will be 20 per cent more fuel efficient than rival aircraft, allowing carriers to cut operating costs. The jet is expected to sell for about ......
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