Configuration of proposed aircraft was switched multiple times over Dutch developer’s brief lifespan.
Would-be Dutch hybrid-electric aircraft developer Maeve Aerospace has collapsed, despite last year securing investment from SkyWest Airlines, putting an end to a development process characterised by endless changes to the design of its aircraft.
Dutch insolvency documents show the business and parent company Green Transition Alliance were declared bankrupt on 28 May. Insolvency specialist Karlijn van Vliet of Cees Advocaten has been appointed as trustee.
No reasons for the bankruptcy have been disclosed, although Dutch business newspaper Financielle Dagblad reported the failure of a funding round designed to secure €20 million ($23…