UK flying taxi firm pins hopes on investors as cash runs short
Vertical’s crash and cash crisis highlight challenge of making flying taxis a reality after nearly a century of efforts
On a dreary November day in the Cotswolds, England, the VX4 – a cross between a plane and a helicopter – rose from an airport runway, hovered a few feet off the ground and set back down.
It might not have reached a heady altitude, but for its British owner, Vertical Aerospace, it was a crucial moment. The company, which has received millions of pounds in UK taxpayer support, is running short of cash.
Continue reading...
Read more at The Guardian
-
Europe's flying taxi dreams falter as cash runs short
Top stories - BBC News - 14 hours ago -
Chinese Growth Comes in Cooler as Investors Pin Hopes on Stimulus
World - The Wall Street Journal - October 18 -
Kamala Harris yet to speak as Trump wins White House
Top stories - BBC News - November 6 -
Cash Isas popularity surges ahead of UK Budget
World - Financial Times - October 25 -
Air taxi firm Lilium's shares plunge 61% after company says main subsidiaries will file for insolvency
Business - CNBC - October 24
More from The Guardian
-
‘We all have our eyes wide open’: Trump critics brace for dark time of retribution
World - The Guardian - 3 hours ago -
Middle East crisis live: Hamas ‘ready’ for Gaza ceasefire, says senior official
World - The Guardian - 41 minutes ago -
Cop29 live: oil bosses given red carpet treatment at climate summit
World - The Guardian - 38 minutes ago -
England fans ‘treated like animals’ in Greece, prompting investigations
World - The Guardian - 3 hours ago -
Pakistan military has no intention of cutting deal with jailed former prime minister Imran Khan – sources
World - The Guardian - 6 hours ago
Latest in World
-
Alexander Zverev v Carlos Alcaraz: ATP Finals tennis – live
World - The Guardian - 17 minutes ago -
England supporters ‘treated like animals’ in Greece; Lineker on exit: football – live
World - The Guardian - 18 minutes ago -
Poland moves to reopen embassy in North Korea closed during COVID-19 pandemic
World - Yahoo News - 20 minutes ago -
Trump’s climate fix: colonise Mars
World - Financial Times - 22 minutes ago -
AI isn’t about unleashing our imaginations, it’s about outsourcing them. The real purpose is profit
World - The Guardian - 23 minutes ago