The company, backed by Honeywell Aerospace, Safran and other major investors, said the move will help get the EL9 Ultra Short from development into significant commercial production and create 1,975 jobs.

Aircraft startup Electra will reportedly invest around $850m in an Ohio factory to build its nine-seat EL9 hybrid-electric ultra-short takeoff plane.

FARNBOROUGH, England, July 21 : Hybrid-electric aircraft startup Electra said Tuesday it will invest $850 million to build a production facility to assemble its nine-passenger…

The company, backed by Honeywell Aerospace, Safran and other major investors, said the move will help get the EL9 Ultra Short from development into significant commercial…