NAGOYA, Japan -- Mitsubishi Heavy Industries' aircraft unit will close its headquarters at Nagoya Airport at the end of this month to cut costs, having decided last year to halt its ambitious plan to build Japan's first jetliner.
Mitsubishi Aircraft is slashing its budget and workforce in line with the freezing of the SpaceJet program. The headquarters inside the airport terminal will be moved to a Mitsubishi Heavy factory next to the airport.
