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Mitsubishi Heavy Industries said Tuesday that it will pull the plug on its regional jet project, putting an end to a once-hyped attempt to revive Japan’s aircraft manufacturing industry.
The project to develop Japan’s first domestically manufactured jet in nearly a half century, known as the Mitsubishi SpaceJet, faced a thorny path, with Mitsubishi Heavy forced to delay deliveries six times. The firm had originally planned to make the first delivery in 2013.