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Aerospace & Defense Industries

Mitsubishi Heavy halts development of Japan's homegrown jet

Coronavirus kills SpaceJet's already weak profit outlook

 The SpaceJet program has been beset by delays since its 2008 launch.

TOKYO -- Mitsubishi Heavy Industries has moved closer to a final decision on freezing its regional jet program, Nikkei has learned, casting doubt on hopes for the first Japanese-built passenger plane in half a century.

The program, known as SpaceJet, has been beset by delays since its 2008 launch and now faces a global slump in air travel owing to the coronavirus pandemic.

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