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5 years ago

Mitsubishi Heavy to inject $2b into regional jet unit

The logo of Mitsubishi Heavy Industries is seen at the company's Sagamihara plant in Sagamihara, Japan on July 4, 2016 — Reuters/File
The logo of Mitsubishi Heavy Industries is seen at the company's Sagamihara plant in Sagamihara, Japan on July 4, 2016 — Reuters/File

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Mitsubishi Heavy Industries is set to inject 220 billion yen ($2 billion) into its aircraft unit which has struggled to deliver its first passenger plane, national broadcaster NHK reported on Tuesday.

Mitsubishi’s regional jet programme, Japan’s first passenger plane since the 1960s, has been delayed by several years, with first customer ANA Holdings now expecting the 90-seater plane in 2020 rather than in 2013 as originally planned.

Canada’s Bombardier sued Mitsubishi’s aircraft unit this month, saying former Bombardier employees passed on trade secrets to help Mitsubishi’s jet project.

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