Boeing Backs Away From Zunum Aero, Founders Struggle To Raise Money After Laying Off Staff
By Staff Reporter
Jul 19, 2019 02:28 AM EDT
Investors
Zunum Aero won millions in funding from Boeing and JetBlue and glowing press coverage for its plans to build a 12-seat hybrid-electric airplane that it said would enable affordable short-haul passenger service between smaller cities.
Then the Seattle-area startup ran short of cash late last year, former employees say, bringing operations to a halt. Now the founders may be near a deal to refill the coffers but that would lead to new management.
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