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April 2008 edition

Japan begins passenger jet construction

Mitsubishi Heavy Industries has named 2013 as the year it plans to launch Japan's first passenger jet. A preparatory company has been set up to manufacture and market the new 70-90 seat passenger aircraft.

President Kazuo Tsukuda said the company had explored the opportunity of re-entering the aircraft manufacturing business since production of the YS-11 propeller-driven aircraft, was halted in the 1970s.

One of the major hurdles for the project is the huge development cost, which is estimated at around 150 billion yen. The government is expected to fund about one-third of the cost.....

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