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HondaJet's resolve offers lesson as Mitsubishi's jet dreams fade

Confusion over personnel changes led to drastic scale-back of aircraft project

A Mitsubishi SpaceJet takes off from Nagoya Airport in Aichi Prefecture. Its maker, Mitsubishi Heavy, plans to slash the project's annual budget to just one-tenth of current levels. (Photo by Koji Uema)
TAKASHI SUGIMOTO, Nikkei senior staff writer | Japan

TOKYO -- After years of twists and turns, Mitsubishi Heavy Industries has decided to virtually freeze its project to develop Japan's first homegrown passenger jet aircraft.

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