Feeds

Restored Vulcan hits financial turbulence

More cash needed for flight test programme

The Power of One Infographic

The trust which last October successfully got Avro Vulcan XH558 back into the air following a £6.5m restoration is rattling its tin again amid fears it may not have the cash to make the aircraft ready for the 2008 airshow season.

The Vulcan to the Sky trust explains that its cash shortfall is due to "potential sponsors [who] have drawn in their purse strings and are not making available the expected funds".

Dr Robert Pleming, the trust's chief exec, elaborated: "We need to start the rest of the test flight programme with the return of good weather at the beginning of March, but we still have to have £150,000 in our hands before we can do that, plus confidence that we will go on raising at least £50,000 per month after that.

"Right now we look like we're going to be starved of funds at this critical moment for the Vulcan. Every week's delay to the restart from the end of February will push the first display appearance back by another week."

He added: "I'm afraid that if we don't fly again soon, the door will start to close on the future of the Vulcan in flight. We won't be able to carry out our role of 'Honouring the Past, Inspiring the Future', providing a once-seen, never-forgotten sight to a new generation of youngsters, stimulating interest in design and engineering, and telling people about an important period in our nation's history.

"With the public's help, the triumphant return of this much-loved aircraft this summer will become the not-to-be-missed spectacle of the season. But we sincerely hope that companies will also give serious consideration to taking up the sponsorship opportunity of the year."

While the Vulcan XH558 project has been funded by a £2.7m Heritage Lottery Fund grant and a cool £500,000 donation from Wolverhampton Wanderers owner Sir Jack Hayward, most of the cash has come from small contributions by members of the public and other fundraising initiatives. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
Malaysian Airlines flight MH17 claimed lives of HIV/AIDS cure scientists
Researchers, advocates, health workers among those on shot-down plane
Forty-five years ago: FOOTPRINTS FOUND ON MOON
NASA won't be back any time soon, sadly
The Sun took a day off last week and made NO sunspots
Someone needs to get that lazy star cooking again before things get cold around here
Mwa-ha-ha-ha! Eccentric billionaire Musk gets his PRIVATE SPACEPORT
In the Lone Star State, perhaps appropriately enough
MARS NEEDS OCEANS to support life - and so do exoplanets
Just being in the Goldilocks zone doesn't mean there'll be anyone to eat the porridge
Diary note: Pluto's close-up is a year from … now!
New Horizons is less than a year from the dwarf planet
Boffins discuss AI space program at hush-hush IARPA confab
IBM, MIT, plenty of others invited to fill Uncle Sam's spy toolchest, but where's Google?
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.