NAMC / Nihon Kokuki Seizo Kabushiki Kaisha
Following the decision made in 1956 to develop a medium sized passenger airliner in Japan, a Transport Aircraft Development Association was established in May 1957. This was succeeded in June 1959 by Nihon (with 53.8 per cent government ownership, remembered as NAMC), responsible for the development and manufacture of the NAMC YS-11 twin-turboprop airliner (first flown 1962). This was delivered to airlines in the U.S.A., Europe, and the Far East, and to the Japanese Air Self Defense Force; for the latter Nihon converted aircraft as electronic countermeasures (ECM) YS-11E.
Nihon Kokuk Seizo Kabushiki Kaisha (Nihon Aircraft Manufacturing Co Ltd)
The programme did not break even however, and NAMC had a deficit of some £14.6m after investment of £77.5m by the government and industry. he Japanese government decided to disband the Nihon Airplane Manufacturing Co (NAMC) within two years from 1981, in order to reduce its on-going financial commitment to the company.