JetZero Closes $100 Million Facility to Advance the Z4 Program

JetZero announced the closing of a senior secured term loan facility of up to $100 million. The financing builds on a series of program milestones for JetZero’s all-wing aircraft, designed for the middle market with approximately 250-passenger capacity and a range of up to 5,000 nautical miles. Compared with conventional tube-and-wing aircraft of the same passenger capacity, the design is expected to reduce fuel burn and emissions by up to 50%. READ MORE