Maeve Aerospace’s Hybrid-Electric Dreams Dashed by Insolvency

Dutch regional hybrid-electric aircraft developer Maeve Aerospace—which recently secured partnerships with Delta Air Lines, SkyWest, Pratt & Whitney Canada, and other major players—declared bankruptcy last week, according to the Dutch insolvency register. Per documents, the fledgling manufacturer declared bankruptcy on Tuesday. Maeve did not immediately respond to FLYING’s request for comment. But Martin Nusseler, the…

Maeve Aerospace collapses after hybrid-electric project fails to take off

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…

Margate business The Stone Man goes into insolvency with debt of £737,814 including unpaid staff and businesses and out of pocket customers

The Stone Man owes money to businesses, employees and customers A Margate business supplying and installing stone worktops and other services such as bathroom tiling has gone bust owing  money to 61 businesses, between 8 and 13 employees, 39 customers and lender and HMRC debts. The Stone Man, run by director Rob Pering, collapsed with…

Aviation Week Network

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Are private schools sending parents bankrupt? In short, yes.

Skyrocketing private school fees mean Australian families are paying the most in the world to send their children to high school. Private schools are literally sending parents broke, with Financial Counselling Australia (FCA) labelling them as “emerging users of bankruptcy”. Astonishingly, private schools and training colleges file more bankruptcy cases than banks, insurers, and local…