Honda Joins The Business Jet Club

The HondaJet, as it is known was rolled out to the media last week at Tokyo’s Haneda airport. The sleek and compact aircraft is the result of founder Soichiro Honda's longtime dream to have a plane in Honda’s portfolio of products.

Michimasa Fujino the chief executive of Honda Aircraft said that he hoped the new jet would become available within a few years in Japan. Restrictive Japanese regulation means the private jet market is almost nonexistent in the country whereas neighbor China is forging ahead with many of the country’s new billionaires utilizing their aircraft to efficiently get around the vast country.

Honda are pushing the HondaJets credentials, which seats six or seven and starts at $4.5 million, as being quiet, quick and green.

The business jet, which is actually built in North Carolina, is currently on sale in the United States and Europe and the company claim to have secured orders for 100 units to date.

Potential is also great for China and the rest of Asia, where demand is likely to overtake South America's by 2020, Fujino said.

The HondaJet abides by stringent safety standards and outperforms the equivalent offerings from Cessna and Embraer of Brazil in both altitude limits and fuel efficiency.

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