Honda Aircraft Company, Established; New Honda Subsidiary Will Market and Produce HondaJet in the U.S.Tokyo, Japan, Aug 8, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Honda Motor Co., Ltd. today announced that is has established a wholly-owned subsidiary, named Honda Aircraft Company The Honda Aircraft Company is a wholly owned subsidiary of the Honda Motor Company that has developed the prototype HondaJet and is slated to manufacture and market the production version of the aircraft. , which will be responsible for the further development, sales promotion and production of the innovative HondaJet. The new company will be based in a facility at the Piedmont Triad International Airport Piedmont Triad International Airport (IATA: GSO, ICAO: KGSO, FAA LID: GSO) (commonly referred to as "PTIA" or just "PTI") is an airport just west of Greensboro, serving Greensboro, High Point and Winston-Salem in North Carolina. in Greensboro, North Carolina “Greensboro” redirects here. For other uses, see Greensboro (disambiguation). Greensboro, North Carolina (IPA: [ɡɹiːnsbʌɹəʊ]) is a city in the U.S. state of North Carolina. , where the prototype HondaJet was assembled and flight tests have been carried out for more than 3 years. Michimasa Fujino, the chief engineer who has led development of HondaJet and spent the past 20 years in Honda's aviation activities with Honda R&D Co., Ltd., will be assigned as the president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Honda Aircraft Company, and prepare for the full operation start of the new company from October. Honda Aircraft Company will begin taking sales orders for HondaJet this fall, with the goal of delivering the first mass production HondaJet in 2010. In addition, the company will develop the production version of HondaJet, pursue and hold both type certification and production certification, and conduct marketing activities for the aircraft. The company also will manage Honda's new alliance with Piper Aircraft, Inc., which will collaborate on sales and service. The goal of this alliance is to provide a new level of sales and service to meet the needs of jet customers with the goal of setting a higher standard for the quality of the ownership experience. HondaJet features several innovations that help it achieve far better fuel efficiency, larger cabin and luggage space and higher cruise speed than conventional aircraft in its class. The result of 20 years of aviation research, key HondaJet innovations include a patented over-the-wing engine-mount configuration, a natural-laminar flow (NLF NLF abbr. National Liberation Front NLF n abbr (= National Liberation Front) → FLN m NLF n abbr (= National Liberation Front ) wing and fuselage nose, and an advanced all-composite fuselage structure. About the New Company: Name: Honda Aircraft Company Establishment: August 2006 CEO: Michimasa Fujino Location: Greensboro, North Carolina About Honda Motor Co., Ltd. Honda Motor Co., Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 7267)(NYSE NYSE See: New York Stock Exchange : HMC)(LSE LSE - Language Sensitive Editor : HNDA.L) is one of the leading manufacturers of automobiles and power products and the largest manufacture of motorcycles in the world. Honda has always sought to provide genuine satisfaction to people worldwide. The result is more than 120 manufacturing facilities in 30 countries worldwide, producing a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles that bring the company into contact with over 19 million customers annually. For more information, please visit http://world.honda.com. Source: Honda Motor Co., Ltd. Contact: Honda Motor Co., Ltd. Media Inquiries corporate_pr@hm.honda.co.jp +81-3-5412-1512 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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