Reaction Engines, a pioneering British aviation company, falls into administration according to Money News.
Reaction Engines, the British hypersonic aviation pioneer, has gone into administration after weeks of discussions with potential backers failed to result in a rescue deal. Sky News has learned that 173 of the company’s 208 staff were made redundant on Thursday morning by PricewaterhouseCoopers (PwC), the administrators. The collapse of a company which manufactures advanced … Read more