HondaJet Facing Delays; Deliveries Expected by Year End 2011

Greensboro, North Carolina-based HondaJet doesn't expect to fly its conforming aircraft until next year, and now expects first deliveries in Q4 of 2011. The company cites delays in deliveries of subassemblies for the slip in its schedule, which amounts to approximately one year from the originally projected timeframe. Honda noted the "ongoing global aerospace industry business challenges" that have led to delays in receiving important components. The HondaJet, with its unique over-the-wing engine placement, is priced at $3.9 million. With more than 100 orders in the books, the HondaJet will be powered by a pair of GE Honda HF120 turbofans; have an IFR range of 1,100 nautical miles (one pilot, three passengers); and a top speed of 420 knots and a maximum altitude of 43,000 feet.