TOKYO -- Japan's government has revealed a plan to collaborate with the private sector to develop a next-generation passenger aircraft, hoping to avoid the pitfalls that doomed Mitsubishi Heavy Industries' SpaceJet by encouraging the participation of multiple companies and helping create technology standards.
Aerospace & Defense Industries
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Public-private project will heed lessons from failed Mitsubishi jet
Mitsubishi Heavy Industries' SpaceJet is thought to have failed in part because the entire project was shouldered by one company. (Photo by Akira Kodaka)
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