ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Aerospace & Defense

Jet delays drag Mitsubishi Heavy toward first loss in 20 years

Aircraft unit's management reshuffled as development costs poised to top $9bn

Mitsubishi Heavy Industries now targets late 2021 for delivery of the SpaceJet, far beyond the original date of 2013. (Photo courtesy of Mitsubishi Aircraft)

TOKYO -- Mitsubishi Heavy Industries on Thursday forecast a 10 billion yen ($91.2 million) pretax loss for the year ending in March as the cost of its delay-plagued business jet project continues to mount with no end in sight.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more