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British firm vying to build next Red Arrows jets collapses
Key takeaways
- Aeralis had pitched itself as the only British firm able to supply a new advanced jet trainer that would be designed and built in the UK.
- The firm was hoping the UK government would award it a contract to replace the Hawk jets currently flown by the RAF's Red Arrows before they are due to be retired in 2030.
- The administrators said the company had faced "a sustained period of pressure" on its cashflow after "continued delays to the UK Defence Investment Plan, combined with geopolitical factors affecting sources of funding".
Why this matters: a developing story that could shape the day's news cycle.
Joshua Nevett Political reporter BBCThe Hawk T1 jet, as used by the Red Arrows, will go out of service in 2030A British aerospace company that was developing a replacement for the famous Red Arrows fighter jet has gone into administration, resulting in the loss of about 30 jobs.
Aeralis had pitched itself as the only British firm able to supply a new advanced jet trainer that would be designed and built in the UK.
The firm was hoping the UK government would award it a contract to replace the Hawk jets currently flown by the RAF's Red Arrows before they are due to be retired in 2030.
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