It is one of the few companies to have successfully raised over a million on an equity crowdfunding, twice.
HRH The Duke of Kent naming the Airlander tomorrow (Tuesday 12 April).
Airlander cleared for take-off! Regulatory approval for First Flight now obtained.
Hybrid Air Vehicles, the manufacturer of the Airlander, the world’s largest aircraft, are pleased to announce that their current equity crowdfunding has just broken through the £1 million barrier. The crowdfunding closes at 23:59 on Friday 15 April and there is an absolute maximum that can be raised of £1.25 million (this is due to financial legislation called the EU Prospectus Directive that limits any company to € million equity raised in this manner in any 12-month period - our crowdfunding from last year comes into play, leaving that maximum). The crowdfunding could close early if this cap is reached.
Financial Director, Hwfa Gwyn says, "The response from the investing community is amazing, and it’s great that the Great British public is backing this Great British engineering innovation. We are delighted to have broken through the magic million mark. If anyone would like to take a stake in the Airlander, we urge you to visit crowdcube.com as soon as possible."
The media will be covering HRH the Duke of Kent's visit and naming of the Airlander on Tuesday, so that publicity could close the crowdfunding out earlier. Airlander has already brought forward the close of the crowdfunding by a week due to unprecedented demand. Crowdfunding on Crowdcube.com is normally open for 30 days.
The Press Release for the Duke of Kent’s visit is here: http://us8.campaign-archive1.com/?u=504af99cb15455c2c4763f894&id=aa3ed5b027
We are also delighted to announce that we have now received the 2 key documents needed for First Flight from our regulators. The Airlander has received both the Flight Conditions approval certificate from EASA (the European Aviation Safety Agency) and the Permit to Fly from the UK’s CAA (Civil Aviation Authority) and flight is now authorised once it has completed the agreed ground-testing and associated documentation.
"This clearly demonstrates the regulators' confidence in Airlander, and the development team's ability to safely flight test the aircraft," says the Airlander’s Airworthiness and Certification officer, Carl Thomas.