HondaJet makes maiden flight from Sendai to Tokyo

Honda Motor Co.’s first jet plane made its maiden flight Thursday as the company seeks to boost its reputation for cutting-edge technology.

The seven-seat aircraft took off from Sendai and landed at Tokyo’s Haneda airport Thursday afternoon, said Kosuke Kachi, a Honda spokesman. The company is in line to obtain final approval for the plane from the U.S. Federal Aviation Administration and plans to start deliveries to U.S. customers later this year.

The demonstration flight for the plane, which has been under development for three decades, comes after Honda’s reputation was marred by record recalls of cars last year. The carmaker has revamped the management of its research unit, returned to Formula One as an engine supplier and launched a sports minicar in Japan this year. President Takanobu Ito will step down in June after leading the company for six years.

Honda has received orders for more than 100 of the jets, HondaJet Aircraft President Michimasa Fujino has said. The company may consider selling the aircraft in Japan if there is a potential market, he said in February.

The location of the jet’s engines, which unlike conventional planes rest on top of the wings, will increase fuel efficiency by about 15 percent and allow cabin space to be as much as 20 percent roomier than in comparable aircraft, according to the company.

With a cruise speed of 778 kph, the jet is also faster and more resistant to turbulence, Honda has said.

LATEST BUSINESS STORIES

U.S. tops revised competiveness ranking for first time since 2008: WEF

Organizers of the annual Davos conference ranked the United States first in their ranking of the world's most competitive economies for the first time in a decade Wednesday, saying the No. 1 spot r...

Loan forgiveness: Students bilked by U.S. for-profit colleges score win in court decision

Students defrauded by for-profit colleges scored an important victory on Tuesday, when a court cleared the way for an Obama-era policy that will make it easier for them to get their student loans f...

China pares U.S. Treasury holdings for third month in bid to keep yuan from falling

China's holdings of U.S. Treasuries fell for a third consecutive month in August as the Asian nation struggles to prevent the yuan from weakening amid trade tensions with America. China's owners...