Mitsubishi Aircraft Corporation unveiled the MRJ last year and, as reported by Bloomberg, have since delayed its debut flight three times. This comes as part of a larger effort to break into global aircraft manufacturing. The market for regional jets holding less than 100 passengers is currently dominated by Brazil’s Embraer SA and Canada’s Bombardier Inc.

Bloomberg reports that Ascend Flightglobal Consultancy forecasts the MRJ will surpass the Bombardier to become the second largest supplier of regional jets. The aircraft is supposedly 20% more fuel efficient than its competitors due to a geared turbofan engine.

The manufacturer already has 407 orders, most of which have been put in by North America’s SkyWest Inc. and Trans States Airlines Inc. Mitsubishi has also received orders from All Nippon Airways and Japan Airlines Co., the country’s largest airline.