Mitsubishi denies has decided to freeze the development of SpaceJet.

Mitsubishi Heavy Industries said on Friday it was considering various options for its SpaceJet regional jet but had not decided to freeze development of the aircraft.

Sources have told Reuters the company would freeze development of the SpaceJet as the COVID-19 pandemic squeezes finances and erodes prospects for Japan’s first passenger aircraft in half a century.

Mitsubishi denies has decided to freeze the development of SpaceJet.

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