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

Visitor is seen at Mitsubishi Heavy Industries' booth during the MAST show in Chiba
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(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..
Date Published: May 13, 2020
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