Bloomberg Mitsubishi Heavy Industries Ltd. finally ended the development of its SpaceJet aircraft — a domestic short-haul jet that was to supply local carriers including ANA Holdings Inc. — after spending hundreds of millions of dollars on the project. Tokyo-based Mitsubishi Heavy lacked the understanding and technological know-how for SpaceJet to materialise, Chief Executive Officer Seiji Izumisawa said at a …

  Bloomberg Recent plane near-collisions on runways have raised red flags among lawmakers crafting a major US aviation policy bill. The National Transportation Safety Board (NTSB) is investigating two near-misses in recent weeks on runways at airports in New York and Texas. Lawmakers weighed how to respond at the House Transportation and Infrastructure Committee’s first hearing of the year to …

Bloomberg Under Armour Inc shares slipped after executives said discounting will continue for a prolonged period as the athletic brand works through excess merchandise. Inventory buildup has weighed down the sports-apparel industry due to unpredictable demand and long freight times. That’s led to heavy promotional activity to get goods off store shelves. Under Armour’s inventory rose 50% to $1.22 billion …