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Company Vying to Replace Red Arrows Jet Falls Into Administration
Summary by Business-live.co.uk
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UK modular jet trainer startup Aeralis enters administration
Aeralis, a British startup developing a modular advanced jet trainer, entered administration on May 14, 2026, as its main financial backer withdrew funding and the UK government’s long-delayed defense spending plan continued to stall. Around 30 jobs have been lost. David Buchler and Joanne Milner of Buchler Phillips were appointed joint administrators. In a statement, they attributed the collapse to “a sustained period of pressure” on the compa…
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