View Full Version : Toyota Airplanes?

03-06-2008, 11:27 AM
Toyota's possible jet investment examined.

In its World View column, the Financial Times (http://links.mkt171.com/ctt?kn=65&m=912247&r=MjQ0ODczNzc2MQS2&b=0&j=NjU1NTk3MTQS1&mt=2&rj=NjU1NTk3MTQS1) (3/6, Betts, et al.) examines Mitsubishi Heavy Industries' (MHI) request that carmaker Toyota "invest in the latter's planned 70-90-seat regional jet, a 150 billion ($1.44 billion) manufacturing program that is awaiting final approval from the government and MHI's board." Japan's Ministry of Economy, Trade and Industry may also assist in financing the project. The Times notes that an agreement "might endear" Toyota "to suppliers which double as parts makers for the aerospace industry, but the direct benefits are harder to fathom," since "taxpayers taking on so much of the risk" and "returns would likely be capped." And while "[d]emand for regional jets is predicted to expand,...the field is already looking crowded." Even so, "Toyota has plenty of cash and may harbor airborne dreams of its own: rival Honda is developing a mini-jet and Toyota has toyed with aircraft prototypes several times in its seven-decade history."

03-06-2008, 11:51 AM
They have a long aviation history of course.