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23-Sep-2010 10:43 AM

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

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.