MHI Launches RJ Fund Drive

Aviation International News » October 2006
October 9, 2006, 10:28 AM

Mitsubishi Heavy Industries has decided to establish a special-purpose company dedicated to attracting the estimated $1 billion it needs to market a proposed pair of 70- and 90-seat regional jets, according to Japanese media reports. The enterprise would seek backing from banks, investment companies and up to 30 percent of the required financing from public sources; however, government officials have said they have promised nothing so far.

Mitsubishi expects to decide whether or not to launch the project by March 2008, in time, it hopes, to certify the 90-seater by 2012. During July’s Farnborough Air Show, the company revealed design targets that place range for both airplanes at 1,950 nm, cruise speed at Mach 0.78, takeoff field length for the MJ70 at 5,710 feet–260 feet shorter than that estimated for the MJ90–and maximum takeoff weight at 84,400 and 92,800 pounds, respectively.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X