Japan aims to develop next-gen. passenger aircraft around 2035

Japan aims to develop a next-generation passenger aircraft around 2035 and establish a domestic industry by drawing from the lessons learned from the failure of a Mitsubishi Heavy Industries Ltd.-led project to launch the country's first passenger jet, the government said Wednesday.The plan was outlined in the government's aircraft industry strategy, which was endorsed the same day. The strategy aims to mobilize a combined 5 trillion yen ($33 billion) in public and private investment over the next 10 years toward decarbonizing the whole sector by 2050.The new aircraft is expected to be fuel…READ FULL ARTICLE