JetZero secures US$100 million financing as Z4 program moves toward full-scale flight
By Ricardo Meier
JetZero has secured a credit facility of up to US$100 million to support development of its Z4 blended-wing aircraft , including work on the full-scale Jet1 demonstrator and the manufacturing infrastructure required to eventually produce the unconventional commercial and military platform.
The senior secured term loan is led by Pinegrove Credit Partners, backed by Brookfield and HRTG Partners, alongside Silicon Valley Bank, a division of First Citizens Bank. JetZero said the funding will also support technology development, working capital and its new manufacturing and test facilities in Greensboro, North Carolina.
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https://www.airdatanews.com/jet-zero-secures-us-100-million-financing-as-z4-program-moves-toward-full-scale-flight/
