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Mitsubishi Aircraft projects 10-year break-even target for MRJ

23-Sep-2010 10:43 AM

Mitsubishi Aircraft confirmed it is in talks with five to six potential customers for the new Mitsubishi Regional Jet (MRJ) and plans to commence production of the aircraft from Oct-2010 (Reuters, 23-Sep-2010). The company is targeting profitability within 10 years, with a break-even target of approximately 500 aircraft. The are 65 firm orders for the MRJ, with 15 ordered by All Nippon Airways and 50 ordered by Trans States Holdings.

Mitsubishi Aircraft: "We want to be making six jets a month in four to five years time after the product launch. If that manufacturing level continues for six-seven years, that's when we should clear the break-even point … By that time, MRJ should also be able to have built a good and solid reputation in the market," Hideo Egawa, CEO. Source: Reuters, 23-Sep-2010.