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AIRSHOW-Mitsubishi in $940 mln regional jet deal with Aerolease

Published 2016-02-16, 12:38 a/m
© Reuters.  AIRSHOW-Mitsubishi in $940 mln regional jet deal with Aerolease

SINGAPORE, Feb 16 (Reuters) - Mitsubishi Aircraft Corp, a
unit of Mitsubishi Heavy Industries Ltd 7011.T , struck a deal
to supply 20 MRJ jets valued at about $940 million at list
prices to U.S. leasing firm Aerolease, its first agreement with
a lessor.
Mitsubishi has struggled with multiple delays in its effort
to enter the regional jet market, dominated by Canada's
Bombardier Inc BBDb.TO and Brazil's Embraer SA EMBR3.SA .
In December, Mitsubishi said it would delay the first
delivery of its MRJ regional jet, originally slated for
April-June 2017 to Japan's ANA Holdings Inc 9202.T , by around
one year from the original plan.
The $47 million, 100 seat MRJ, which made its maiden test
flight in November, represents Japan's long-held ambition to
reestablish a commercial aircraft industry.

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