Mitsubishi Aircraft to focus on SpaceJet certification work this year
[TOKYO] Japan's Mitsubishi Aircraft Corp said on Monday it will focus this fiscal year on certifying its SpaceJet M90, and announced executive changes as it seeks to weather challenges brought by the coronavirus pandemic.
The delivery target for the regional jet has been pushed back six times as Mitsubishi Aircraft and its chief shareholder, Mitsubishi Heavy Industries Ltd, have contended with a series of design missteps.
The certification signifies the airworthiness of the approved design or "type" of aircraft to be manufactured.
The company said in a statement that Yasuhiko Kawaguchi would be the executive chief engineer for aircraft design and type certification, and that the company will this fiscal year largely focus on improving the design and validating data earned from over 3,900 hours of flight tests. Its fiscal year ends March 31, 2021.
The focus on obtaining type certification is part of a shift away from global development, Mitsubishi Aircraft said.
"This new, harsh business environment also necessitated the development of a new operating plan for this fiscal year that included resizing its organisation so that Mitsubishi Aircraft may endure and emerge from this crisis," it said.
The manufacturer last month said it would close overseas operations that employ hundreds of people and may cut staff at home after its parent company slashed the development budget for Japan's first commercial aircraft in a century.
Mitsubishi Aircraft also suspended development studies on a shorter variant, the M100, seen as key to winning orders in the lucrative US market where it competes against Brazil's Embraer SA.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30