{"id":901167,"date":"2026-04-24T00:17:45","date_gmt":"2026-04-24T05:17:45","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/24\/major-uk-airline-plunges-into-liquidation\/"},"modified":"2026-04-24T00:17:45","modified_gmt":"2026-04-24T05:17:45","slug":"major-uk-airline-plunges-into-liquidation","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/24\/major-uk-airline-plunges-into-liquidation\/","title":{"rendered":"Major UK airline plunges into liquidation"},"content":{"rendered":"
\n
\n
\n

The airline has been in business since 2023.<\/h2>\n
\n

\n
\n

\"An<\/picture><\/p>\n

EL ALTO, BOLIVIA – FEBRUARY 28: A commercial plane flies over the area where the Bolivian Air Force plane that crashed in El Alto, Bolivia, on February 27, 2026. A Bolivian Air Force (FAB) Hercules aircraft carrying money crashed upon landing in the city of El Alto, leaving at least 15 dead and 28 injured according to the first official report. (Photo by Jorge Mateo Romay Salinas\/Anadolu via Getty Images) (Image: Anadolu via Getty Images)<\/span><\/span><\/p>\n<\/div>\n

\n

A British airline has collapsed into liquidation following a reported attempt to raise \u00a320million.<\/p>\n<\/div>\n

\n

Scottish firm Ecojet Airlines had been heralded as the world’s first all-electric airline, established in 2023 by entrepreneur Dale Vince, a prominent Labour donor and owner of Forest Green Rovers football club.<\/p>\n<\/div>\n

\n

Get the latest news from around the world and more <\/var> <\/span> Invalid email<\/span><\/p>\n

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy<\/a><\/p>\n<\/div>\n

The airline harboured ambitious plans for long-haul flights and European routes, with an initial service from Edinburgh to Southampton mapped out. However, a petition was brought before Edinburgh Sheriff Court to wind up the business and appoint joint interim liquidators, according to documents from the end of January.<\/p>\n

At the time of launch, Mr Vince stated: “This is a vital frontier in the move to net zero, green living, whatever you choose to call it – and it’s absolutely doable. It’s a matter of when, not if.”<\/p>\n

\n

The Herald reports that Paul Dounis and Mark Harper, of Opus Restructuring, were appointed as provisional liquidators. Opus confirmed the action followed a “voluntary liquidation initiated by the company’s board.”<\/p>\n<\/div>\n

\n

\"EcoJet's<\/picture><\/p>\n

Ecojet Spyro – Dale Vince has announced plans to launch the world’s first electric airline powered by renewable energy. EcoJet’s flights will begin in early 2024 transporting passengers between Edinburgh and Southampton then expanding to Europe shortly after. (Image: undefined)<\/span><\/span><\/p>\n<\/div>\n

\n

It added: “Ecojet was a start-up business and has no material assets. The members have elected to fund the liquidation process to ensure that the company’s employees receive their full statutory entitlements.”<\/p>\n<\/div>\n

Ecotricity proclaimed on its website at the time of the launch: “The move marks the beginning of an aviation revolution by making net-zero, emission-free air travel possible for the first time.<\/p>\n

\n

“Ecojet’s fleet will comprise conventional planes retrofitted with hydrogen-electric powertrains. Once converted, the aircraft will operate with the same power output as before, but with a 100% reduction in CO2 emissions.<\/p>\n<\/div>\n

\n
\n

Trending<\/h3>\n<\/header>\n