We have followed the Crowdcube backed Airlander for a while now. After the disaster which wrecked the prototype airship last year, the company received £32m in insurance. Now that prototype has been permanently grounded and the company aims to have a commercial version up in the skies in the 2020's.
We have written about them before here
This was always going to be a long shot. As it turns out the £32m from the insurance claim may well be a blessing. The prototype had done its job, according to the management and rather than just bury it, they can now show £32m in cash for it.
With luck like that, it seems that this thing may fly? There is a news report by the BBC here
In the original Crowdcube raise, the company expected to have revenues of £160m this year, resulting in profits of £30m. But as they say, who believes projections. All companies need a moment of luck, a turning point and the apparent disaster last year may just be it.
Oh please - 32 Million, just pay it out to investors and yourselves and have done with this mad idea.
ReplyDeleteWhy does the creation of an airship filled with Helium benefit anyone ?
Ok, so its weighless - but that doesn't mean it can lift anywhere near what an Antanov can?
so no good for freight - slow and can't lift much
no good on the battle zone - huge target
can stay aloft for weeks - so what
What is the point ?
Can anyone throw any light on this ?
Hear, hear
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