Honda Motor Co., preparing to enter the market for business jets, said it's won two to three years of orders for what it calls "flying sports cars" and signaled the business will turn profitable before the end of the decade.
The aviation business is on track to turn profitable five years after it begins delivering planes as soon as next year, Michimasa Fujino, president of Honda Aircraft, said in an interview in Tokyo on Wednesday.Deliveries of the Honda jets, originally planned to begin this year, have been delayed because the company is awaiting approval from the U.S. Federal Aviation Administration, Fujino said. After four to five years, Honda may begin fleet sales as the increase of chartered flights turns business jets into forms of "air taxis," he said.
