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Business

Honda to boost business jet production

HondaJet

GREENSBORO, North Carolina -- The Honda Motor subsidiary that makes a business jet will increase production from the current two to three aircraft a month to six to seven by the year ending March 2019.

A source at Honda Aircraft here said annual production of HondaJet will rise to 80 aircraft by that year.

In addition, the company will start producing some of the core engine parts in-house in the spring of 2017, with a goal of selling them to other aircraft makers. For this, the company will build a new factory, aiming to improve its competitiveness by improving quality and lowering costs.

Production will be increased gradually in cooperation with parts suppliers, the source said.

Honda Aircraft has received over 100 orders from European and U.S. customers; it has delivered about 20 jets.

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