Mitsubishi Heavy Industries to freeze Spacejet development: source

Reuters

Published Oct 22, 2020 09:04AM ET

TOKYO (Reuters) - Japan's Mitsubishi Heavy Industries (T:7011) plans to freeze development of its Spacejet regional jet as the coronavirus pandemic erodes its finances and the wider aerospace industry, a person with knowledge of the decision told Reuters.

The plan was reported earlier by Kyodo News, which said the company would announce details of the decision on Oct. 30.