UK · 16 May 2026
30 jobs lost as Aeralis jet firm collapses
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Around 30 employees were made redundant after Aeralis entered administration due to financial pressures. The company, which has been developing a modular military aircraft and had promoted it as a potential successor to the Red Arrows Hawk jets, filed for administration after funding was delayed. Support from key investor Barzan Holdings was withdrawn, and an expected partnership in France did not materialize.
Reported by BBC · How we write briefs