HondaJet Europe

Honda, which plans to begin mass production of the HondaJet in 2010 has announced it plans to start taking European orders for its HondaJet in 2008, according to Nikkei. Current production targets for the jet have jumped to 100 units per year and Honda has applied for EASA certification. Over 100 orders for the jet have been place in the U.S. since Honda began accepting orders in October of 2006. The company expects its engine-over-wing design and GE/Honda engine to allow for a better than 30 percent fuel efficiency increase over competing aircraft. Honda expects its jet program to become profitable sometime in its fourth year of production (circa 2014).