Straightline

Early in March Straightline reported that Toyota and Mitsubishi would team up on a new jet airplane (Toyota considering Mitsubishi jet invitation).

Now the latest word is that this is not going to be a small jet, like the HondaJet, but rather a large passenger jet capable of transporting 70 to 90 people. To help this project along, Toyota has announced that it would invest up to ¥10 billion ($96 million) to get this project off the ground (pun intended). It's hoped that this new jet will go on sale by 2013.

Full story here.