Hydrogen aviation pioneer Universal Hydrogen goes bust after burning through $100m from investors

US start-up, which had made test flights with one engine powered by H2, failed to raise new financing or attract buyers

Universal Hydrogen's 40-seat plane that took to the skies for the first time in March last year at Moses Lake, Washington state.
Universal Hydrogen's 40-seat plane that took to the skies for the first time in March last year at Moses Lake, Washington state.Photo: Universal Hydrogen
Published 1 July 2024, 09:03Updated 1 July 2024, 09:03