Honda Motors reports $380 million annual loss on Hondajet and engine units

STEPHEN TRIMBLE | June 26, 2018

Honda Motors reports $380 million annual loss on Hondajet and engine units
Honda Motors' aircraft and jet engine business lost ¥41.8 billion ($380 million) in the fiscal year ended 31 March, the Japanese conglomerate reports in an annual report filed with US regulators on 20 June. Honda Motors summarises the financial performance of Honda Aircraft – developer of the HA-420 HondaJet – and its interest in the GE Honda Aero Engines joint company with a single line in the results for the Power Products and Other Businesses division."Operating loss of aircraft and aircraft engines included in the Power Products and Other Businesses segment was ¥41.8 billion, an improvement of ¥1.9 billion from the previous fiscal year," the company says.


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