The Christchurch-based company had around 100 staff this time last year. Belt-tightening in late 2017 saw around a third of staff let go. Now, after two more rounds of restructuring, just 12 to 14 staff remain.
Martin Aircraft (which trades as Martin Jetpack) gave up its Civil Aviation Authority aircraft certification, meaning it can no longer conduct test flights. A spokeswoman for the CAA says the company voluntarily surrendered its certification but plans to reapply. A Martin Aircraft insider tells the Herald that the deep staff cuts necessitated the temporary surrender. Numbers had fallen under CAA requirements.