Electra’s hybrid, fixed-wing aircraft, which began as an MIT class project, has minimal runway needs and is much quieter than traditional planes. The company has announced an $850 million investment to manufacture its nine-passenger aircraft at a facility in Ohio.

Electra’s hybrid, fixed-wing aircraft, which began as an MIT class project, has minimal runway needs and is much quieter than traditional planes. The company has announced an $850…

A class project at the Massachusetts Institute of Technology (MIT) in 2017 studied a new type of aircraft; now, it has ballooned into a $850 million Ohio factory plan for an…