Toyota invests $96M into Mitsubishi Regional Jet Project

May 11, 2008 · Filed Under Aviation Related 

Toyota Motor Corp. announced they will be investing $96 million US Dollars (taking 10% ownership interest) into a project to develop a mid-size passenger aircraft by Mitsubishi Aircraft Corporation, a new unit of Mitsubishi Industries. The idea is to develop a fuel-efficient, 70-90 seat regional jet; nicknamed the “MRJ” (Mitsubishi Regional Jet). It will compete with Brazil’s Embraer and Canada’s Bombardier fleets. The plane is scheduled to fly in the year 2013.

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Comments

3 Responses to “Toyota invests $96M into Mitsubishi Regional Jet Project”

  1. Jedd276 on May 11th, 2008 3:16 pm

    That baby looks slick!

  2. Tony Tovar on May 12th, 2008 10:25 pm

    Hey! I came and read this earlier today but could not comment. However, here I am now. I was thinking how are they looking to compete if it will be built and ready in 2013? Unless I’m missing something, isn’t that kind counter intuitive if other companies might come up with better plains? Or is that how the airplane manufacturing business rolls? :D

  3. Jeffrey on May 14th, 2008 5:48 pm

    Hey Tony, that is basically how the industry works. Planes tend to stay in operation for several decades. The Bombardiers and Embraer airplanes are still new themselves. :)

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