As AFP reports, in a meeting with industry experts, an economy ministry official outlined a target completion date of post-2035. To achieve this ambitious goal, a significant investment of five trillion yen ($33 billion) will be allocated over the next decade, fueling research and development of the new passenger plane.
This latest endeavor seeks to establish Japan as a leader in passenger aircraft production – a position it hasn’t held in over half a century. Building on the challenges that Mitsubishi Heavy Industries (MHI) encountered, which canceled its long-delayed passenger jet project in 2023, the new public-private consortium strongly emphasizes clean energy.
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