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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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)
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