Japan's first jet airliner development cost reduced to 1/10 Mitsubishi Heavy Industries October 29, 18:03
Regarding the first domestically produced passenger jet "Mitsubishi SpaceJet," Mitsubishi Heavy Industries has been unable to anticipate a recovery in demand due to the effects of the new coronavirus, so the annual development cost is about 10 billion yen, which is about 10 billion yen per year. We have decided to reduce the size to 1/10.
According to the people concerned, Mitsubishi Heavy Industries has decided to keep the annual development cost of the space jet, which is being developed by its subsidiary Mitsubishi Aircraft, to about 10 billion yen from next year.
The development cost last year was about 100 billion yen, but it will be reduced to about one tenth.
The delivery of Space Jet has been postponed six times so far, but due to the influence of the new coronavirus, the recovery of demand for aircraft cannot be expected, and flight tests in the United States have been suspended.
In addition, Mitsubishi Heavy Industries' own business performance has been sluggish, so the Space Jet business has decided to "stop once" and to significantly reduce development costs.
However, we will continue to work toward obtaining a "type certificate" that proves the safety of the aircraft.
Mitsubishi Heavy Industries will explain this policy in line with the management plan for the next three years announced on the 30th, and the development of the space jet, which has been expected as a project to foster the Japanese aircraft industry with the first domestically produced passenger jet aircraft, is You will be forced into a difficult situation.