Competitors are saddled with old platforms and haven’t invested,” referring to Bombardier’s CRJ
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June 18, 2019 - by Judson Rollins for leehamnews.com
Senior executives from Mitsubishi Aircraft Company (MITAC) and parent Mitsubishi Heavy Industries (MHI) described the long journey to the revamped "SpaceJet" M90 and M100 aircraft. They also commented on what market role the SpaceJet could potentially fulfil, as well as potential incremental improvements to the aircraft.
MHI chairman Shunichi Miyanaga said that market conditions and competitive landscape have changed in the company's favor as the need for regional jet replacement has grown and competition has dwindled down to just a single player, Embraer.
Transforming the market
"We're transforming just as the market is presenting an opportunity, so the timing couldn't be better," MITAC chief development officer Alex Bellamy said. "Competitors are...