Mitsubishi Aircraft Corp (MAC) – subsidiary of Mitsubishi Heavy Industries (MHI) – has announced its 5th delay of the Mitsubishi Regional Jet (MRJ) to market. It has spent $3bn so far on development of a regional jet that is the wrong size competing with two incumbents (Bombardier and Embraer) which have 90% market share and forecasts from Boeing and Airbus showing the regional jet market will shrink from 5,000 to 3,000 over the next 20 years. 423 more words
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The AIDAPrima was delayed several times at MHI before its delivery in March 2016, more than a year behind schedule.
TOKYO, Oct 18 (Reuters) – Japan’s Mitsubishi Heavy Industries Ltd has abandoned its ambition to build European cruise liners and will stick to making smaller ferries and other medium-sized passenger ships after racking up losses on a venture to build two large vessels. 253 more words