The program was announced in 2008 with a budget of
The first delivery of the plane, designed with a capacity for 90 passengers, was scheduled for 2013, but was postponed due to frequent technical problems and the drop in travel demand due to the Covid-19 pandemic, which paralyzed the project to reduce costs.
The company received some 450 orders for the SpaceJet at one point, applicants for which included
The public-private project generated a lot of excitement among the country's component manufacturers, who jumped at increased capital spending in the hope of increased demand, but repeated delays and setbacks caused them to back off due to uncertainty and potential losses.
Mitsubishi Heavy announced the cessation of the project in its financial report from April to December, the first nine months of its fiscal year, in which its net profit increased by 32.8 percent year-on-year, up to
Among the reasons for ending SpaceJet production are the need for technology overhauls "due to long development," including some related to emissions; the inability to achieve the necessary certification in
The Japanese company said it had an "insufficient initial understanding of the highly complex process of certification types for commercial aircraft" and advocated applying the lessons learned during the project to new programs aimed at creating next-generation technologies for the aeronautical sector. EFE
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