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
Iran’s supreme leader, Ayatollah Ali Khamenei, has called for a considered approach following the Israeli attack on military sites on Saturday. “How the strength and will of the Iranian people should be made clear to [Israel] is for those responsible to decide,” Khamenei said on Sunday at an event in the capital Tehran, according to … Read more
Reaction Engines, the British hypersonic aviation pioneer, has moved to reassure employees that they will be paid this month as talks aimed at rescuing the company continue. Sky News understands that staff at Reaction Engines were told this week that it would meet its payroll obligations for October amid growing doubts about its survival. The … Read more