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Japan trio to develop small-jet engines with Pratt & Whitney

Mitsubishi Heavy, partners see demand for better fuel efficiency

Europe's Airbus makes a bold promise of "unbeatable fuel efficiency."

LE BOURGET, France -- U.S. aerospace company Pratt & Whitney and a team of Japanese manufacturers including Mitsubishi Heavy Industries have agreed to develop next-generation engines for small commercial aircraft, aiming to install them in the increasingly popular planes by the 2030s.

The American engine maker inked a memorandum of understanding with Japanese Aero Engines, a longstanding consortium of Japanese manufacturers. Mitsubishi Heavy, IHI and Kawasaki Heavy Industries will participate in this project on the Japanese side.

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