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Skycar® Developer, Moller International, Signs MOU with US-Based Firm

Skycar® and Neuera™ aircraft have announced that it has received a signed memorandum of understanding (MOU) agreeing to create a US-based Joint Venture (JV) with Athena Technologies Inc. of Harbor City, California. The goal of the newly formed JV is to establish co-production for its aircraft in the US and the People’s Republic of China.

Under the provisions of the memorandum, MI will team with this US company-led JV to jointly produce numerous models of its vertical take-off and landing (VTOL) aircraft. The JV will initially invest $80 million (USD) of a planned $480 million investment with the objective of producing a variety of VTOL aircraft by 2014. Production will include the Skycar® 200 LS, Skycar® 400, Skycar® 600 and Neuera™ aircraft.