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Business deals

Pratt, 3 Japanese partners to make engines for mid-range jetliners

IHI, Kawasaki, Mitsubishi Heavy to contribute lighter components

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This engine, for a Boeing 737 MAX-9 jetliner, is under construction at a production facility in the U.S. Japanese heavy machinery makers hope to help make the engines for next-generation mid-range planes.   © Reuters

TOKYO -- A trio of Japanese heavy machinery makers has agreed with U.S. engine maker Pratt & Whitney to develop engines for the next generation of mid-range passenger jets.

Budget airlines are exploding in popularity and have already placed orders for large numbers of today's mid-range planes.

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