Japan Ends Multibillion-Dollar Bid to Enter Passenger-Jet Market

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Mitsubishi Heavy pulled the plug on a passenger-jet project that swallowed billions of dollars and 15 years in a fruitless bid to take a chunk of the U.S. market

TOKYO– Mitsubishi Heavy Industries Ltd. on Tuesday pulled the plug on a passenger-jet project that swallowed billions of dollars and 15 years in a fruitless bid to take a chunk of the U.S. market.

The decision was a blow to national pride in Japan, which was hoping for a return to the commercial-aircraft market led globally by Boeing Co. , Airbus SE and Embraer SA of Brazil.

 

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The Japanese failed at a tech endeavor. Somebody check the weather.

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