Mitsubishi Aircraft Corporation announces that current President Hideo Egawa will take up the positions of Chairman and Chief Executive Officer effective January 1, 2013.
Teruaki Kawai (currently, Senior Executive Vice President) succeeds Mr. Egawa as new President and Chief Operating Officer. Mr. Kawai will assume the positions on the same date.
About Mitsubishi Aircraft Corporation
Mitsubishi Aircraft Corporation commenced operation on April 1, 2008 to conduct the design, type certification, procurement, sales & marketing and customer support of the Mitsubishi Regional Jet (MRJ). The MRJ is a family of 70- to 90- seat next-generation regional jet which will offer both top-class operational economy and outstanding cabin comfort. Mitsubishi Aircraft Corporation is capitalized at 100 billion yen, with financing furnished by, among others, Mitsubishi Heavy Industries, Ltd., Toyota Motor Corporation, Mitsubishi Corporation, Sumitomo Corporation and Mitsui & Co.,Ltd.
Mitsubishi Aircraft and SkyWest, Inc. Conclude Definitive Agreement for 100 Mitsubishi Regional Jets (MRJ) and 100 Options
SkyWest's order for 100 aircraft is valued at US $4.2 billion, with an additional US $4.2 billion related to the executable 100 options.
Current president to become vice chairman.