Hybrid Airship Floats New Funding | Aviation International News

Hybrid Airship Floats New Funding

The Airlander hybrid airship program received new funding but needs far more money to achieve first flight.

Hybrid Air Vehicles (HAV), which raised nearly £1.5 million ($1.99 million) in a new round of fundraising, needs to find another £140 million in order to fly its first production hybrid airship in early 2024.

By Chris Pocock • Defense Correspondent

August 18, 2020

Hybrid Air Vehicles (HAV) has raised nearly £1.5 million ($1.99 million) in a new round of fundraising linked to a UK government grant. The company’s prospects have been buoyed by the increased focus on environmentally-friendly air transport, but HAV still needs to find another £140 million in order to fly its first production hybrid airship in early 2024.

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