Honda Aircraft, a US-based subsidiary of Honda Moto, will increase production of its business jets to 80 from up to 36 currently by the year ending March 2019, a report said.

The company also plans to start producing some of the core engine parts in-house in the spring of 2017, with a goal of selling them to other aircraft makers, according to Nikkei.com.

For this, the company will build a new factory, aiming to improve its competitiveness by improving quality and lowering costs, the report added.

Production will be increased gradually in cooperation with parts suppliers, a source was quoted as saying.

Honda Aircraft Company is a wholly owned subsidiary of American Honda Motor Co., Inc. Founded in 2006, Honda Aircraft’s world headquarters is located in North Carolina, the birthplace of aviation. The challenging spirit upon which Mr. Soichiro Honda founded Honda Motor Co., Ltd. is alive today as Honda Aircraft fulfills one of Honda’s longstanding dreams to advance human mobility skyward.

The HondaJet (photo) is the fastest, highest-flying, quietest, and most fuel-efficient jet in its class. The HondaJet incorporates many technological innovations in aviation design, including the unique Over-The-Wing Engine Mount (OTWEM) configuration that dramatically improves performance and fuel efficiency by reducing aerodynamic drag. The OTWEM design also reduces cabin sound, minimizes ground-detected noise, and allows for the roomiest cabin in its class, the largest baggage capacity, and a fully serviceable private aft lavatory.

The HondaJet is equipped with the most sophisticated glass flight deck available in any light business jet, a Honda-customized Garmin® G3000.

The HondaJet is Honda’s first commercial aircraft and lives up to the company’s reputation for superior performance, efficiency, quality and value.