Japan and France embark on joint aerospace venture
by Brian Turner
The Society of Japanese Aerospace companies and the French Aerospace Industries Association have agreed to embark on a joint project to develop a successor to the Concorde.
The two groups reached agreement during the Paris Airshow to conduct the three-year project.
The Japanese have been pursuing development of a commercially feasible supersonic aircraft for years.
But beyond the effort to develop a new supersonic aircraft, which some critics dismissed on Wednesday as too expensive and not really needed or wanted, the deal is seen as a way to build the relationship between the French and Japanese aerospace industries and to open up the Japanese market to Airbus, in a nation where Boeing has had a near-monopoly for over 50 years.
Among the areas expected to be studied by the joint research are the structure of composite materials and the reduction of jet-engine noise.
The Japanese and French governments and industry will each make an initial investment of ¥100 million in the first year of the project, and they are expected to invest a total of ¥600 million over the three years of the agreement.
Discuss this in the Finance Markets forums
Story link: Japan and France embark on joint aerospace venture
Add to Bookmarks:
Related financial stories to: Japan and France embark on joint aerospace venture
- Mondial and Seatwave joint venture
- PruHealth and Sainsbury’s joint venture to promote healthy eating
- London markets mixed as aerospace sees gains
- Chinese exchanges in joint benchmark
- France heading for recession
- Japan charges companies on bid-rigging
- Japan Tobacco releases 13 new brands
- Japan adds tariffs for US WTO violations
- Yen weakens ahead of Bank of Japan meeting
- Yen weaker on Bank of Japan decision
Tags:
Previous: « US Treasury bonds continue to face sell-off
Next: Japan to cut working week for parents »
Visited 360 times, 1 so far today
