"Mitsubishi" is more than 40 independent companies who honor the same basic guiding principles.The companies conduct their business activities separately but cooperate in areas like philanthropy and public affairs.
The holy grail of the Japanese aircraft industry has been the design and manufacture of a home-grown jet airliner, and Mitsubishi Heavy Industries (MHI) through its newly launched subsidiary, Mitsubishi Aircraft Corporation, stands to grab the prize. The aircraft in question is a next-generation regional jet known as the Mitsubishi Regional Jet (MRJ). The new company will leverage technological expertise that MHI has built up through its aerospace business to accelerate the MRJ’s development and further strengthen sales activities to potential customers worldwide.
      The MRJ is a 70–90 seat class regional jet currently being developed by Mitsubishi Aircraft Corporation with cutting-edge technology that will enable top-class operational economy in parallel with outstanding cabin comfort. The MRJ will be the first regional jet to adopt composite materials for its wings and vertical fins on a significant scale. In combination with a new generation of engines and an advanced aerodynamic design, these innovations will deliver substantially improved fuel consumption, greatly enhanced competitiveness and lower operating costs for the airline companies.
      MHI decided to formally launch the MRJ program following positive responses from potential customers, including an order for 25 aircraft (15 firm, 10 optional) from All Nippon Airways Co., Ltd.
The target date for the first aircraft delivery is 2013.