Today was supposed to be a celebration for Mitsubishi Heavy Industry (MHI), the dawning of a new era for its SpaceJet regional jet program. Instead the company is drastically cutting operations and development efforts as the market contracts. But it still must move forward in some ways.
We are mere months away from the production of the final CRJ passenger jet. Mitsubishi Heavy Industries (MHI) announced this morning a deal to acquire Bombardier’s regional jet program, bringing it to a close as the SpaceJet will take its place.
The new name – it is now officially the SpaceJet M90 – does not really matter for the future of the MRJ. But a new interior and revised scope-compliant model might just be enough to win over customers for the manufacturer.
If you can’t join them, buy them. Mitsubishi appears poised to do just that as Bombardier seeks to offload its CRJ regional jet product line. At least it would solve the scope clause issues.