PowdAir: Update

Nov-2017 On Monday 27 November week we alerted all of our passengers that our main financial investor had walked away from the powdair project. Under a non-disclosure agreement (NDA) we cannot name the investor, but we can share with you the reasons behind their withdrawal. The collapse of Monarch and Air Berlin, followed by one of our preferred aircraft operators Swiss Adria (Darwin), plus speculation regarding the impact of Brexit on European aviation was summarised in a high profile article. Our investor was not from an aviation background and withdrew their support, and with it our ability to launch the airline for this winter.