The British airline has collapsed into liquidation and ceased all operations.
Provisional liquidators have been appointed (Picture: Getty)
As soon as hailed as “the world’s first electrical airline”, a UK airline has entered liquidation simply three years after it was based. The Scottish airline Ecojets launched in Edinburgh in 2023 and has had provisional liquidators appointed following efforts to safe £20 million in new funding. The airline was established by inexperienced vitality entrepreneur Dale Vince, founding father of renewable vitality agency Ecotricity and a serious donor to the Labour Occasion.
Mr Vince stated: “We stay dedicated to electrifying all types of transport – aviation is the final frontier and the toughest. It is taking longer than we hoped to get the expertise and regulatory items of the puzzle in alignment, and so we’re pausing work presently.”
The airline was launched in 2023 by inexperienced entrepreneur Dale Vince. (Picture: Getty)
He added: “This can be a important frontier within the transfer to internet zero, inexperienced dwelling, no matter you select to name it – and it’s completely doable. It’s a matter of when, not if.”
Court docket papers present a petition was offered to Edinburgh Sheriff Court docket requesting that EcoJet Airways Restricted be wound up, with joint interim liquidators appointed.
Paul Dounis and Mark Harper, of Opus Restructuring, have been appointed provisional liquidators. Opus stated the transfer comes following a “voluntary liquidation initiated by the corporate’s board”, The Herald reported.
It added: “EcoJet was a start-up enterprise and has no materials belongings.
“The members have elected to fund the liquidation course of to make sure that the corporate’s staff obtain their full statutory entitlements.”
The airline has ceased all operations. (Picture: Ecojet)
At launch, EcoJet branded itself as “the airline for a Inexperienced Britain”, saying its plans represented the start of an “aviation revolution” that would make net-zero, emissions-free air journey a actuality for the primary time.
The airline deliberate to function constitution flights between Southampton and Edinburgh, utilizing planes retrofitted with hydrogen-electric engines.
It added: “EcoJet’s fleet will comprise standard planes retrofitted with hydrogen-electric powertrains. As soon as transformed, the plane will function with the identical energy output as earlier than, whereas decreasing CO2 emissions by 100%.
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“The choice to repurpose outdated planes somewhat than construct new fashions from scratch will save 90,000 tonnes of carbon per yr.
“The one byproduct will likely be water, which could be captured and launched into the decrease environment to keep away from the dangerous results of contrails.”
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