Singapore, Feb 26 (ANI): Japanese multinational automotive manufacturer Mitsubishi has displayed the latest state-of-the-art aerospace systems and equipment at the Singapore Airshow 2016 held at Changi Exhibition Center here. This was the Asia's largest and one of the most important aviation-related industry exhibitions and top aerospace companies around the world participated in it. Mitsubishi Aircraft displayed the next-generation regional jet, called ‘MRJ’. The MRJ, which stands for Mitsubishi Regional Jet, is an aircraft which has been developed in Japan for the first time in 50 years. Mitsubishi Aircraft announced that it has signed a LOI - Letter of Intent - with Aerolease Aviation, an aircraft leasing company based in the United States, for delivery of 20 MRJ aircrafts, including 10 firm orders. Based on this LOI, both companies will move forward to conclude a definitive agreement in the near future. Deliveries to Aerolease are scheduled to commence in 2018.
