Leading British aerospace company Reaction Engines hits administration | Money news – Uptrends
Reaction Engines, the British leader in supersonic aviation, has crashed into administration after weeks of talks with potential backers failed to produce a rescue deal. Sky News has learned that 173 of the company’s 208 staff were made redundant on Thursday morning by directors at PricewaterhouseCoopers (PwC). The collapse of the company that makes advanced … Read more