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Japanese postwar jet airliner ends production amid loss
Nihon Aircraft Manufacturing Co halts its sixth and final postwar jetliner after nine years of serial production, reporting a $467 million loss due to cost overruns. The venture, backed by the Japanese government with 2 percent capital, saw engines from Britain and Italy and systems from American firms. Planes were sold at a loss to Plainmont Airlines which bought 21 units.
MENTIONED IN THIS ARTICLE
Tokyo
Apt
Japan
YSA
Nill
Manufacurine Co
Nilson
Tle
Hihot
Britain
Itallys
Toyce
Plainmont Airlines
Winston-Salem
Purchsers
Usni
Nihon