TOKYO -- Japan's Mitsubishi Heavy Industries is injecting $1.9 billion of capital into its struggling Mitsubishi Regional Jet program, which has accumulated serious debts as a result of repeated delays in the aircraft's development.
Chief Executive Shunichi Miyanaga insisted this injection would be the "last time" for the development as the new jet would meet its delivery date in mid-2020 as scheduled. He also downplayed the impact of a recent lawsuit filed by the company's Canadian rival Bombardier. Still, concerns persist that the lawsuit could further push back its current delivery plan.
