Article from BTNews 31 OCTOBER 2016
Bidders line up for e-Go
A number of interested parties were reported last week by Cambridge-based private-aircraft maker e-Go aeroplanes to have contacted the company, which is seeking a buyer to put what it calls its “fun flying machine” into full production (See BTN 26 September).
The single-seat e-Go aircraft evolved from the winning design in the high-tech category of a competition run in 2007 by the Light Aircraft Association designed to encourage innovation after the CAA deregulated some general aviation aircraft construction.
E-Go says its creation will cost “dramatically less” at about £15 an hour to fly than traditional light aircraft and is “a product for discerning pilots who relish new experiences”.
Chairman Terry Holloway said: “Several UK buyers have shown interest, and we are really pleased that potential overseas buyers are keen to see the company remain in Cambridge.”
Tangible financial offers need to be in the hands of the e-Go board by the next meeting on 10 November.
The company says it expects to evaluate firm offers in the next three weeks, with final offers negotiated thereafter.
OUR READERS' FINEST WORDS (All times and dates are GMT)
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum