A new, long-delayed 88-passenger jet from Japan may finally be the right plane at the right time.
to Airbus and is exploring “ strategic options” for its regional-jet operations.
With few seats and smaller fuselages, regional jets are a different class of aircraft from larger narrow-body planes such as Boeing’s 737 or Airbus’s A320. The MRJ has a range of about 2,000 miles, while a smaller variant can haul as many as 76 people for about the same distance. “This coming year is extremely important for us,” Mizutani said at a media event Tuesday in the central Japanese city of Nagoya.
The company announced in October it was adding an extra $1.52 billion in capital to its aircraft unit’s existing capital of nearly $900 million; Mitsubishi also canceled about $450 million of debt owed by the aircraft division. “Our views are completely different, and so we’re looking to get a clear determination in a public forum,” Mizutani said.
In order to compete, Mitsubishi can’t just rely on its home market. The biggest customers therefore could be in the U.S., where large airlines try to cut costs by outsourcing short flights to smaller carriers that fly regional jets. Trans States Airlines Inc., which operates flights for United Airlines under the name, ordered 50 of the planes, with options for 50 more, in 2010. Trans World didn’t respond to requests for comment.
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