Drones have become an increasingly key part in the aerospace sector, and British firm Sky-Futures generated even more interest for the industry when it secured Europe’s largest drone investment in May.
MMC Ventures provided the company with a £2.5m Series A round and investment director Simon Menashy, said: “Drone technology is an exciting area of innovation, but it’s only now that we are seeing leading commercial operators emerge.” Business minister Anna Soubry, who was promoted during prime minister David Cameron’s Conservative party reshuffle, has now given aviation even more attention in an attempt to boost productivity in a campaign that’s funded by the government and industry.
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“Government and industry are working together to keep Britain at the forefront of the global aerospace market. We are currently second only to the United States, but there is more to do and it is important that we continue to invest in R&D and develop ground-breaking technologies,” she said.
“Demand for new aircraft is at record levels – around 45,000 new aircraft and 40,000 helicopters are needed between now and 2032, worth over $5 trillion. This will provide billions of pounds of work to the UK economy given our leading capability in wings, engines, helicopters, advanced systems and services.In other aerospace news, US air travel firm Rise has announced a plan to bring its private flight-sharing model to the UK, which will disrupt the British sharing economy even further.
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