Toyota to help fund first Japanese commercial jet
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.
- Permalink | Comments (2)
- Posted by: Bob Holland May 2, 2008, 11:19 AM
- Categories: Mitsubishi, Toyota
Good luck. Jets are extremely expensive to develop and build. I'd be shocked if they could do it in 3 years with less money than Honda spent (and Honda took 23 years from initial drawings to full production).
They really should stick with cars.