It has funded competitors in its own market.
This is stupider than when Coke decided not to buy Pepsi in 1933.
State Subsidy Plan Lifts Mitsubishi's RJ Hopes(Subscription Required)
Aviation Week & Space Technology
06/11/2007, page 43
Bradley Perrett
Beijing
Plan for state aid buoys Mitsubishi's aspirations for a regional jet
Printed headline: RJ Funding
A key Japanese government department plans to allocate ¥40 billion ($330 million) in subsidies for a Mitsubishi Heavy Industries project for a large regional jet, greatly increasing the likelihood of the country finally establishing itself as a supplier of commercial aircraft.
With Boeing 787-based carbon-fiber construction and new engines, the proposed Mitsubishi aircraft could present a serious challenge to Embraer, Bombardier and two other companies developing such jets, Sukhoi and China's Avic I."
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