Mitsubishi halves SpaceJet development budget, reconsiders U.S. variant

(Reuters) - Mitsubishi Heavy Industries said it was halving the annual development budget for Japan's first regional jet in half a century, the M90 SpaceJet, as the coronavirus pandemic squeezes profits.Japan's leading heavy machinery maker also said on Monday that it would review proposals to offer a shorter variant of the aircraft, the M100, in the lucrative U.S. market "We have to reconsider how we move forward," Mitsubishi Heavy Chief Executive Officer Seiji Izumisawa said during a press..