Wednesday July 26, 2006 
Wednesday July 26, 2006
Honda moves into aviation market with small jet
Honda announced long-awaited plans to enter the aviation industry, saying it would start taking orders this fall for a seven-person micro-jet with a wing-mounted engine design that promises improved fuel economy. The upcoming HondaJet would compete in the market for an emerging class of very light passenger jets priced at under $4 million.
Honda, which has been quietly developing its aircraft project for the past two decades, also said it had struck a wide-ranging alliance with Piper Aircraft that would include sales and marketing of the new plane. Honda will form a new U.S. subsidiary to handle production of the HondaJet, expected to compete in a market for very light jets the company projects at about 200 planes annually.
Honda unveiled a prototype of its HondaJet last year at the Oshkosh, Wisconsin air show and brought it back again to that event this week. The twinjet features a composite fuselage, aluminum wings and two turbofan engines. Honda has announced plans to make and market those HF118 jet engines in a tie-up with General Electric Co.
See also :
1. HondaJet
2. Honda makes jets!
(2006-07-26 11:39:37 SGT)
[Biz]
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