Britten-Norman and Cranfield Aerospace to merge

Islander aircraft maker Britten-Norman and Cranfield Aerospace Solutions (CAeS) are to merge and and to create what they said would be the “world’s first fully integrated, zero-emissions sub regional aircraft”. The merger will be finalised by mid-2023, subject to final due diligence, the UK companies said, with the aircraft scheduled to enter into service by 2026. A funding round led by HydrogenOne Capital Growth Plc,  a consortium of CAeS investors made up of HydrogenOne, Safran Corporate Ventures and UAE-based Strategic Development Fund (SDF) will pump  “up to £10 million in the new company, including up to £5 million investment from