（1）Project entity
・ In Japan, Nihon Aircraft Manufacturing Company successfully developed YS-11 with
capitalization from the government and private enterprise. We should learn from the precious
experience.
・ An example of an international business entity for aircraft development is Europe’s Airbus.
Its case should be examined thoroughly.
・In today’s environment, it is probably difficult to develop aircraft through the establishment of
a government-backed company, as in the case with the YS-11 development.
・ Costs involved for aircraft development are skyrocketing in recent years. The development of
a 100-seat passenger jet should have the perspective of containing the costs.
・ There are changing customer needs for aircraft. It is important to achieve aircraft development
that can swiftly and flexibly address diverse needs.
（2）Fund-raising
・ In Europe, aircraft development is conducted with government subsidies. In the United States,
part of the defense budget is diverted for the development of civilian aircraft.
・When using government subsidies to develop aircraft, it is necessary to pay attention to the
trends in WTO agreements and other international accords.
・ In raising development funds, we should consider the approach of defining the aircraft to be
developed as an asset, and issuing securities secured by the asset.
・ Fundraising through securities issuance requires accurate cash-flow projection, so as to ensure
the distribution of dividends and other reimbursements to investors.
・ In raising development funds, it is more practical to acquire risk-sharing partners who would
receive the distribution of profits according to their contribution to development costs and the
number of the development aircraft sold.
（3）Maintenance and parts-supply systems
・Airline companies need to stock several hundreds of thousands of components required for
aircraft maintenance, which represents a significant burden.
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・ The cost of maintenance is part of aircraft’s lifecycle costs. It should be kept in mind that
reducing maintenance costs amounts to reducing the aircraft’s lifecycle costs.
・ Boeing 7E7 and Airbus A380 were developed with maintenance considerations, as a result of
opinion exchange between the manufacturers and users. This approach was beneficial for both
parties.
・ Aircraft manufacturers may offer discount on the aircraft itself, while securing profitability
through components for maintenance work. New manufacturers should keep this business model
in mind.
・ The parts supply system, newly developed by Boeing (*1), reduces the inventory cost burden
for components, while directly affecting manufacturers’ revenue source. It is therefore difficult
for other companies to adopt it.
※A computer system in which Boeing controls component supplies, the job previously undertaken
by airline companies. This allows airline companies to purchase necessary components when
they are required.
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