Business trend:
IHI allies with GE
to develop a jet engine for business jets. IHI will be responsible for about
30% of total development and production. IHI will be asked to develop major
parts including low-pressure turbine utilizing its advanced technology to
develop light-weight and high-intensity parts. Kawasaki Heavy will also
participate in the project. The engine on which IHI will work is the Passport
20 that Bombardier of Canada has already decided to employ.
The
development is scheduled to end in 2015, and the new engine is expected to improve
fuel consumption by 10-20%. The world business jet market in 2011 was about
17,000 jets, and it is estimated to grow three times to 50,000 in 2031 thanks
to the growing demand in Asia and the Middle East.
GE’s Passport 20
jet engine
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