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EcoJet Collapses Into Liquidation With Opus Named Joint Liquidators

The start-up’s owners are paying for the wind-up to ensure staff receive statutory entitlements.

Overview

  • Joint liquidators Paul Dounis and Mark Harper of Opus Restructuring were confirmed in a Gazette notice published Friday, May 1.
  • The Edinburgh start-up never launched services, and all planned bookings and dozens of scheduled flights were canceled after provisional liquidators were appointed in February.
  • Opus said EcoJet has no material assets, and the company’s members are funding the liquidation so employees get the pay they are legally owed.
  • Founded in 2023 by green energy entrepreneur Dale Vince, EcoJet pitched retrofitting planes with hydrogen‑electric powertrains for near‑zero‑emission flights, starting with an EdinburghSouthampton route.
  • Reports say the venture failed to raise about £20 million, and Vince has paused investment, citing slower-than-hoped progress on technology and regulation in a sector where decarbonising flight faces steep hurdles.