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Japan will invest another $33 billion in the development of a new generation passenger plane

Natasha Kumar By Natasha Kumar Mar28,2024

Japan will invest another $33 billion in the development of next-generation passenger aircraft

Japan's Ministry of Economy, Trade and Industry and private companies will work together to develop their own next-generation passenger aircraft, sharing an investment of about 5 trillion yen ( 33 billion USD) over the next 10 years.

According to Ukrinform, this was reported by Kyodo News  with reference to sources.

The new plane, which should be ready in 2035, can optionally run on hydrogen, but not on traditional jet fuel due to the country's desire to reduce carbon emissions.

In recent years, global airlines have increasingly begun to use environmentally friendly aviation fuel, which is made from waste cooking oil and plants.< /p>

Mitsubishi Heavy last year stopped work on a previous project to produce Japan's first domestic passenger plane called SpaceJet, citing a lack of know-how and increased costs.

Development of the SpaceJet began back in In 2008 with the help of a 50 billion yen financial aid from Japan's Ministry of Industry, its first delivery was originally scheduled for 2013.

However, this schedule was changed six times before the coronavirus pandemic dealt the final blow to the project.

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Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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