Mitsubishi Aircraft Corporation Announces Executive Changes

Nagoya (Japan) - February 6, 2020 – Mitsubishi Aircraft Corporation has spent the last few years restructuring its company and gathering the personnel and resources to create a global organization capable of becoming one of the leading commercial aviation companies in the world.

Today, Mitsubishi Aircraft Corporation announced executive personnel changes as the company prepares to enter the final phase of certification flight testing on the SpaceJet M90. These changes will be effective from April 1st, 2020.

Hisakazu Mizutani, current President of Mitsubishi Aircraft Corporation, will move to the position of Chairman. In this role, he will oversee the governance of the global, Mitsubishi Aircraft Corporation organization as well as lead the company’s deep relationships with All Nippon Airways and Japan Airlines.

As of April 1, 2020, Takaoki Niwa will assume the role of President of Mitsubishi Aircraft Corporation. Mr. Niwa brings almost 40 years of engineering and aviation manufacturing experience to Mitsubishi Aircraft Corporation. Most recently, he was President and CEO of Mitsubishi Heavy Industries America. In his new role, Mr. Niwa will use his experience to help the global team at Mitsubishi Aircraft Corporation achieve type certification for the SpaceJet M90 and complete the development of the SpaceJet family of aircraft. Additionally, Mr. Niwa’s business experience in the United States will help Mitsubishi Aircraft Corporation strengthen its management for future business expansion in North America.

Table of Changes:

• The appointment of this assignment is subject to a separate extraordinary general meeting of shareholders.