Trans States closes on Mitsubishi RJ deal
St.

St. Louis-based Trans States Holdings (TSH) signed a firm order for 50 Mitsubishi Regional Jets and secured options on another 50, Mitsubishi Aircraft announced in February during a ceremony held in Nagoya, Japan. The sides finalized and executed the so-called definitive purchase agreement on December 27, almost 15 months after TSH signed a letter of intent to become the first U.S. customer for the 76- to 88-seat family of regional jets.

"We have been excited about the MRJ program for a long time, and we are extremely pleased to conclude this major order on December 27 last year reaffirming the 100-aircraft commitment we made with our LOI," said TSH president Rick Leach during the ceremony. "Since that launch order, we have learned a lot about the quality of the Mitsubishi Aircraft team and the quality of the MRJ aircraft. Both have given us great confidence. In addition, many good things have happened with the MRJ itself. Mitsubishi Aircraft has entered the production drawing phase for the MRJ and continues to proceed with the manufacturing process."