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11/4/2020, 8:05 PM (Source: TeleTrader)
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Mitsubishi Heavy to shut down SpaceJet's US site - report

Mitsubishi Heavy Industries Ltd. will close the United States flight testing site of SpaceJet, its regional jet program, the Nikkei reported on Wednesday.

SpaceJet opened the site in 2016 to pursue type certification, a prerequisite for commercial flight. After the shutdown of its US headquarters in May, the location remained the only site of operations outside of Japan.

The closure is expected to result in dozens of layoffs. Mitsubishi Aircraft, which runs SpaceJet, is also expected to cut its staff of 1,500 to 500 by March, the newspaper said.

Baha Breaking News (BBN) / MD