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After up to three decades building an airplane from scratch, chief engineer of the Hondajet, Michimasa Fujino might have to reach a ripe old age to see Honda Motor Co's aviation project offset its development costs.
Honda has refused to disclose the costs, though the carmaker has been researching aircraft development since 1986. Additionally, vice president of analysis at aerospace consulting company Teal Group, states that it has probably spent approximately $1 billion on the jet program since the early 2000s, which is more than double the $400 million typical for such jets.
A five-year delivery delay as well as developing its own engine backed the bill.
The company, which gave the world the Honda Civic that revolutionized compact vehicles in America in the 1970s, is actually betting its six-seater light $4.5 million dollar business jet, the first aircraft designed by an automaker since World War Two, is going to expand the fuel-efficient private jet market.
There’s a likelihood next month that Greece won’t receive up to 750 million euros, it’s expected to get under a debt relief deal with the EU concluded in 2018 because this European country has failed to complete a number of agreed reforms…
Next month, the European Central Bank is on the verge of reassessing the outlook for bank lending next month because there’s a likelihood that EU financial institutions could tighten credit supply and drive the current economic deceleration…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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