🚀 ProPicks AI Hits +34.9% Return!Read Now

UPDATE 1-AIRSHOW-Mitsubishi targets 1,000-plus sales of regional jet in 20 years

Published 2017-06-19, 09:59 a/m
© Reuters.  UPDATE 1-AIRSHOW-Mitsubishi targets 1,000-plus sales of regional jet in 20 years
EMBR3
-
BBDb
-

(Recasts on sales target)

PARIS, June 19 (Reuters) - Mitsubishi Aircraft Corp aims to sell more than 1,000 of its new Mitsubishi Regional Jet (MRJ) aircraft by around 2040, aided by expected growth in demand for medium-sized planes.

The company brought Japan's first passenger aircraft in half a century to the Paris Airshow, confirming that it is on track for first delivery of the 90-seat aircraft in mid-2020 and hoping to show potential customers that progress had been made despite delays and cost increases. how many planes his company was hoping to sell, Yugo Fukuhara, vice president of sales and marketing at Mitsubishi Aircraft, told Reuters: "More than 1,000. That is the target during a 20-year time period."

Fukuhara said earlier on Monday that the programme has taken 427 orders so far. customers are committed to the programme and are very supportive," he said in a reference to the announcement this year that the plane was delayed for two more years to redesign its wiring and meet requirements for certification by the U.S. Federal Aviation Administration (FAA). customer ANA, which has resorted to leasing jets and pushing back the retirement of older aircraft while its awaits the delayed MRJ, said on Sunday that it remains committed to the programme.

Despite these setbacks, Fukuhara said that Mitsubishi would become one of two major regional jet manufacturers in a sector dominated by companies such as Brazil's Embraer EMBR3.SA and Canada's Bombardier BBDb.TO .

"We see more than 5,000 regional jet deliveries (for the sector) in the next 20 years. This segment of the market is very healthy and our goal is to establish a global customer base, Fukuhara said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.