Vertical chief eyes future investment after ‘tough but friendly’ talks unlock balance sheet

VX4 Phase 2 - 1-c-Vertical Aerospace

Source: Vertical Aerospace

Stuart Simpson, chief executive of Vertical Aerospace, says the firm is now well-placed to raise further investment following a $180 million deal with its largest creditor Mudrick Capital that includes a $130 million debt-for-equity conversion.

Keep reading this article by becoming a FlightGlobal member now

PLEASE REGISTER FOR FREE OR SIGN IN TO CONTINUE READING

FlightGlobal Premium Digital

You have reached your limit of free articles for this period. Register for a FREE account to read this article and benefit from:

  • Increased access to online news and in-depth articles from:
  • FlightGlobal Premium covering the global aviation industry
  • Airline Business providing insight for business leaders
  • Weekly newsletters on topics across the industry

Join now