Japan to take another shot at a homegrown airliner, eyeing hydrogen

TOKYO -- Japan's government has revealed a plan to collaborate with the private sector to develop a next-generation passenger aircraft, hoping to avoid the pitfalls that doomed Mitsubishi Heavy Industries' SpaceJet by encouraging the participation of multiple companies and helping create technology standards.

The Ministry of Economy, Trade and Industry unveiled the plan on Wednesday, confirming an earlier report by Nikkei.