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Mass Layoffs Said to Hit Terrafugia Weeks After Its Flying Car Was FAA-Approved
- nojokes 6y agoTwo sources with knowledge of the situation say that roughly 80 to 100 employees at the company’s headquarters in Woburn, Mass., have been let go, and that Terrafugia’s intellectual property and further development of the Transition, a light sport airplane designed to be drivable on roads, are being moved to China by owner Zhejiang Geely Holding Group, which bought the company in 2017.
- Traster 6y agoI wonder if the FAA should revisit its airworthiness decision on the basis that essentially an entirely different organisation is planning to launder the certificate.
- redis_mlc 6y ago1) US aviation companies and their PMA's etc. are sold all the time - mostly to Chinese companies. FAA doesn't care. 2) Note that flying cars will never take off in the US because of aviation training and local zoning rules. So don't lose any sleep over it.