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.

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