Aircraft
In the works: Farnborough Aircraft F1
Last year, officials at Farnborough Aircraft of Farnborough, England, “spent most of the year on the investment trail,” according to Jonathan Sumner, marke

Last year, officials at Farnborough Aircraft of Farnborough, England, “spent most of the year on the investment trail,” according to Jonathan Sumner, marketing director. The search for additional funding continues this year, but the prospects appear brighter. “We’re talking in detail to a few interested parties,” he said.

Farnborough Aircraft has also reduced the total amount of equity it is seeking, from the $125 million it was seeking last year, but Sumner would not specify an exact amount. The firm’s lead investor, Geoffrey Galley, continues to support the project.

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