Thank you for coming today.
I would like to announce that JAL has reached a basic agreement with Mitsubishi Aircraft Corporation to purchase 32 Mitsubishi Regional Jets (MRJ) as the next-generation regional jets for our fleet (for JAL Group). We plan to deploy them on domestic routes from 2021, operated by J-AIR of JAL Group.
As you may know, the MRJ is a regional jet developed by Mitsubishi Aircraft Corporation as the first Japanese passenger aircraft. Delivery of the first MRJ is scheduled in 2017. The MRJ is installed with new engines, which offer high economic performance and greater fuel savings than aircraft of the same dimensions. We will use the MRJ as the flag fleet for JAL Group's regional network route operations.
I visited the factory where it is currently being developed. On seeing the new Japanese passenger aircraft with my own eyes, my heart beated fast and I was confident that it would be the perfect next-generation regional jet for our company.
This will be the first time for JAL Group to own a Japanese passenger aircraft since the times the former JAS Group operated the YS-11. In addition to deploying the MRJ, we will provide overall support using our know-how as an airline operating regional jet, and thus contribute to the birth of a Japanese passenger jet which we can boast about to the world.
The first test flight is planned next spring, and development is going smoothly for the delivery of the first MRJ in 2017. I believe that we can take our first delivery of the MRJ in best conditions in 2021.
In addition to the announcement of our basic agreement regarding the MRJ, I would also like to announce our decision to sign an agreement with Embraer S.A.
to purchase 15 E-Jets, comprising additional E-170s and new orders for the E-190, with an additional 12 options of the two E-Jets. New deliveries are scheduled from 2015.
Embraer jets are double-bubble structured, which provide for more cabin space than jets of similar dimensions. They have been well-received by customers, and produce less noise and offer a high level of operational efficiency through environmental-friendly operations.
The Embraer jets are scheduled to be progressively replaced by the MRJ to be rolled out from 2021, and consequently, all JAL Group's regional jets will be the MRJ. For details, please refer to the
Press Release.
JAL Group will continue to provide new cabin configurations and steadily expand its network while improving profitability through new aircraft, and thereby increase its corporate value and provide unparalleled service to the customers.
This ends my report.