Mitsubishi Aircraft Corp. is rolling out Japan’s first new passenger plane in more than four decades — and the country’s first passenger jet ever.
The Mitsubishi Regional Jet will make its debut flight in the second half of October, Bloomberg reported, citing a statement from the Nagoya-based firm Monday.
Japan wants to break the virtual lock that Brazil’s Embraer SA and Canada’s Bombardier Inc. have on the market for small passenger jets.
With Montreal-based Bombardier now focusing on its larger CSeries jets, which will be able to carry as many as 160 passengers, Mitsubishi Aircraft sees an opening it believes it can fill.
The 92-seat MRJ90 has a list price of US$47.3 million.
“We don’t know if there’s room for three players,” Addison Schonland, a partner at aviation consultant AirInsight, was quoted as saying. “The pie’s not getting bigger.”
Japan’s last homegrown passenger plane was the YS-11, a turboprop made by Nihon Aircraft Manufacturing Corp. Only 182 of the planes were sold.
Nihon Aircraft stopped the YS-11 production line in 1974 after little more than a decade.
– Contact us at [email protected]