Mitsubishi Heavy Industries to sink in $2 billion into its aircraft-making unit: NHK

Mitsubishi’s aircraft project is of strategic value to Japan since it marks is first attempt to make passenger jets since the 1960s.

On Tuesday, Japanese news agency NHK reported, Mitsubishi Heavy Industries is likely to inject $2 billion (220 billion yen) into its aircraft manufacturing unit that is struggling to deliver its first passenger airplane.

Mitsubishi’s regional jet program is set to be Japan’s first passenger plane since the 1960s. The program has faced delays since years. As a result of these delays, ANA Holdings Inc, its first customer, expects the delivery of a 90-seater airplane in 2020 rather than in 2013, as originally planned.

Earlier this month, Bombardier Inc had sued Mitsubishi’s aircraft unit over intellectual property rights violations alleging that its former employees had passed on trade secrets to it to help lift the project.

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