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Europe's flying taxi dreams falter as cash runs short
Makers of a new generation of European electric aircraft are struggling to raise money.
In early November, the company put its main operating businesses into insolvency proceedings, and its shares were removed from the Nasdaq stock exchange. In August last year, a remotely-piloted prototype was badly damaged when it crashed during testing at Cotswold Airport, after a propeller blade fell off. Amid the turbulence, one European project is quietly on track, says Bjorn Fehrm who has a background in aeronautical engineering and piloted combat jets for the Swedish Air Force.
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