-
Abdul El-Sayed declares victory in Michigan Senate contest
-
Kuwait marks key events and anniversaries from national history
-
Democrats Seize Congress in Midterm Sweep, Ending Trump Era Control
-
Democrats capture US Congress in sweeping midterm victory
-
Trump congratulates Democrats and signals willingness to cooperate
-
Manchester United rallies past Roma as PSG dominates in Champions League
-
Enel to Install Solar Panels at Niterói Waste Management Facility
-
Qatar prime minister advances mediation through diplomatic calls
-
Qatar sees tentative opening for renewed regional diplomacy
-
Greenland parliament approves security agreement with United States
-
Qatar Tourism joins Pacific Asia Travel Association at London travel market
-
Qatar envoy meets incoming UN General Assembly president
-
Abdul El-Sayed Wins Michigan Senate Seat in Historic Election
-
Trump Signals Willingness to Work With Democrats After Midterm Defeat
-
Qatar media bodies discuss support for humanitarian initiatives
-
Ispire Technology Inc. Schedules Fiscal First Quarter 2027 Earnings Conference Call
-
Dolphin to Host Third Quarter 2026 Earnings Conference Call on Nov 10, 2026
-
Wipeboard Family Launches Free AI Chore Planner That Builds Age-Appropriate Chore Plans in Seconds
-
Medical Care Technologies Inc. (OTCID:MDCE) Moves $250,000 Software Agreement Into Active Development
-
InstaLILY Research Finds One in Six Leaders Across the Supply Chain Faced an AI Incident Involving Supplier or Customer Data
-
PAVS Subsidiary 2Lab3 Launches AniMano+, an AI-Native Digital Entertainment Streaming Platform, on the Apple App Store
-
LightPath Technologies to Host First Quarter Fiscal 2027 Earnings Call on November 10 at 5:00 p.m. Eastern Time
-
Ondas Secures Multi-Million-Dollar Counter-UAS Contracts in Europe and Asia, Accelerating Global Expansion in Aerial Defense
-
QualSights Secures $5 Million Financing and Appoints Prasanna Pitale CEO to Accelerate Company Growth
-
Sidney Resources Secures Federal Approval for Historic Gold and Silver Ore Mobilization
-
Adcore to Publish Third Quarter 2026 Results on November 10, 2026
-
IRS Postpones Texas Tax Deadlines to February 1, 2027 After July Storms - Clear Start Tax Explains What a Disaster Postponement Does Not Pause
-
Dateline and US Government Seek Ninth Circuit Stay
-
Wedgewood Weddings Expands to Maryland With Grey Rock Mansion
-
Worksport Signs Term Sheet to Acquire U.S. Manufactured Truck Bed Accessory Business & Accompanying IP Portfolio
-
Jumia to Announce Third Quarter 2026 Results on November 18, 2026
-
First Canadian Graphite Inc. Closes Flow-Through Financing
-
Apollo Wellness Centers Releases Primer Video
-
RSI Welcomes The Orange County Comptroller's Office as Its Newest Government Premier Partner
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - November 04
-
Facet Welcomes Three-Time PGA Tour Winner Ben Griffin as Newest Brand Partner
-
SMX Announces Effective Date of Reverse Stock Split
-
ELEKTROS Advances Review of Potential U.S. Lithium Opportunity as Critical Minerals Gain Strategic Momentum
-
Midterm 2026 Healthcare Ballot Results and Impacts Across 13 States: Black Book Research Follow-Up
-
Moderna Advances Investigational Bundibugyo Ebolavirus Vaccine Toward Phase 2/3 Study
-
Pitches and Keynote Speakers Are Confirmed for Blue Magic Netherlands on November 17
-
ELEKTROS Highlights Northern New York Lithium Potential Amid Growing Focus on Domestic Battery Supply
-
ELEKTROS Brings Lithium Opportunity and Patented EV Charging Technology Into Focus for Investors
-
Moderna Announces Oral Presentation of mRNA-2808 Clinical Data at 2026 American Society of Hematology Annual Meeting
-
GoWish Hits 20 Million Registered Users Worldwide and Surpasses 100 Million Wishes Created in the US This Year
-
Cosmos Health's Amazon UK Business Surpasses $2 Million in TTM Sales, Up 90%, with a 23% Net Profit Margin; Expects Sales to Grow Approximately 72% to $3.9 Million Over the Next Twelve Months
-
Xenetic Biosciences Announces Oral Presentation at 68th ASH Annual Meeting Highlighting DNase I as a Potential Strategy to Overcome CAR T-Cell Resistance
-
Chervon Announces Partnership with Wrestlers in Business Network to Expand Its AMP Talent Program
-
LiveOne (NASDAQ:LVO) Extinguishes $8.5 Million in JGB Debt, Reducing Balance from $17.5 Million to $9 Million
-
Chilean Cobalt Corp. Signs Definitive Option Agreement to Consolidate Substantially All of the Past-Producing La Cobaltera Project Area
Japan unveils next-generation passenger plane project
Japan announced plans on Wednesday to develop a next-generation passenger jet over the next decade after the last struggling attempt, led by a private company, was scrapped a year ago.
The new public-private project aims to use "new environmental technologies" such as hydrogen or hybrid electrics,a statement from the ministry of economy, trade and industry said.
"It is important for us to build next-generation aircraft based on technologies where Japan is competitive, while also contributing to the decarbonation of air transport," the statement said.
The new plane will be ready after 2035, an economy ministry officialsaid after a closed-door meeting of politicians, experts and businesspeople to discuss Japan's aviation industry strategy.
Over the next 10 years, investment totalling five trillion yen ($33 billion) is needed in the industry including for the development of the new passenger plane, the official said.
The fresh push to build the nation's first homemade airliner in more than half a century comes after Mitsubishi Heavy Industries (MHI) abandoned a much-anticipated attempt in February 2023.
The troubled project to develop a twin-engine plane for short-to-medium haul flights was ditched 10 years after the jet was due for commercial rollout, having suffered technical glitches and repeated delivery delays.
"For the Japanese aircraft industry to achieve sustainable growth, we cannot stay satisfied with our position as a parts supplier," Kazuchika Iwata, state minister for economy, trade and industry, told the committee in comments open to press at the start of Wednesday's meeting.
"In the new business fields of carbon-neutral technologies, including hydrogen, we aim to take a leading position" and partner with global players to develop a narrow-body plane, he said.
China showed off its first domestically produced passenger jet in Singapore last month, aiming to challenge the dominance of Airbus and Boeing with its single-aisle model.
Japan last launched a commercial airliner in 1962 -- the YS-11 turboprop that was discontinued about a decade later.
Hydrogen fuel does not emit carbon dioxide when burned, making it an exciting prospect for Japan which is targeting carbon neutrality by 2050.
But environmental campaigners are sceptical about its use without a reliable supply chain for so-called "green" hydrogen, produced from renewable energy sources.
"Nothing concrete has been decided yet, but possibilities include hybrid electrics, hydrogen combustion, hydrogen FC -- these are possible next-generation technologies we're looking at and aiming to deepen our research of" in developing the new aircraft, the economy ministry official told AFP.
Edward Bourlet, an analyst at CLSA in Japan covering MHI, told AFP that Mitsubishi Heavy's jet was a "massive cost burden" and "a nightmare project".
Developing the plane in a consortium can spread risks but can also make such a project harder to coordinate, he said.
"The main issue here will probably be the hydrogen side of things if that's what they're going for," he said.
"Conceptually, it's a great idea," and "if anyone's going to develop a hydrogen aircraft then I suppose Japan is well positioned to do so," Bourlet added.
But "the benefits of such and the costs associated with developing that sounds a bit precarious to me".
L.Adams--AT