What Happened
Washington Fast-Tracks Loans and Incentives for Aviation Startup
The US government has announced plans to provide up to $3 billion in loans and guarantees to JetZero, a startup aiming to challenge Boeing in the midsize jet market. JetZero’s Z4 passenger plane features a radical new design, including a blended wing body structure and four aisles. The company has received investment from the US Air Force and defense companies, and plans to complete a full-scale prototype by the end of next year. The development was first reported by the Wall Street Journal, according to CHOSUNBIZ.