Scottish Airline Shuts Down, Liquidators Appointed
EcoJet Airlines, an innovative venture launched in Edinburgh in 2023, is facing significant challenges as it has entered provisional liquidation. This development comes after attempts to secure £20 million in funding were unsuccessful. The majority owner, Ecotricity, announced that its founder, Dale Vince, has decided to halt further investments in the airline.
Background on EcoJet Airlines
Heralded as the world’s first electric airline, EcoJet aimed to revolutionize air travel. The airline planned to utilize retrofitted conventional planes powered by hydrogen-electric systems, promising a 100% reduction in CO2 emissions compared to traditional models.
Aviation Revolution and Environmental Commitment
Dale Vince expressed a strong commitment to electrifying various transport sectors. He noted that aviation remains particularly challenging. Vince indicated that aligning technology with regulatory standards is taking more time than anticipated.
- EcoJet’s fleet was designed to produce zero emissions.
- The only byproduct of operation was water vapor.
- Repurposing older planes could save 90,000 tonnes of carbon annually.
Despite the ambitious vision, EcoJet’s operational plans, including routes from Edinburgh to Southampton and potential long-haul flights, are now in limbo.
Liquidation Process and Future Prospects
The petition for liquidation was filed at the Edinburgh Sheriff Court. Provisional liquidators, Paul Dounis and Mark Harper of Opus Restructuring, were appointed to oversee the process. The company is reported to have no significant assets, and the liquidation has been described as voluntary, initiated by the company’s board.
Opus Restructuring stated that steps were taken to ensure employees can access their full statutory entitlements during this difficult transition.
As EcoJet Airlines navigates this turbulent period, the commitment to sustainable aviation remains a topic of interest. Vince’s assertion that “it’s a matter of when, not if” suggests that while the current phase is challenging, the drive towards greener air travel continues.
