Scotland-Based Electric Airline Startup Fails To Secure Funding

EcoJet Airlines, a Scotland-based startup aiming to launch the world’s first fully electric airline, has entered voluntary liquidation due to unsuccessful attempts to raise $26.8 million in additional capital. The company, established in 2023, planned to equip conventional airframes with hydrogen-electric propulsion systems to reduce carbon emissions. Despite announcing plans for domestic and international routes, EcoJet never reached commercial operations. The closure ends the project less than three years after its founding, with shareholders covering the costs of the liquidation process to ensure employees receive statutory payments. This development was first reported by AeroTime.