Skip to content
The province will not invest further in the France-based cargo dirigible company, in large part because profits from further investment would benefit entities outside of Quebec, Economic Minister Bernard Drainville said. (La Presse)
Talking point: Since 2019, Quebec has invested more than $75 million in Flying Whales, which says its giant, helium-filled blimp can move 60 tonnes of cargo, giving access to remote locations without road access. The company has established an engineering hub in the province, and planned to build a North American plant and operations base near the Sherbrooke airport. Yet it has yet to produce an airship prototype, and some have doubts it will ever achieve liftoff. Flying Whales is close to raising a fresh round of investment that could top €105 million, according to French business publication La Tribune, and hopes to raise another €55 million before the end of the year. The company did not comment to La Presse.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
The Big Read
Beacon is building an AI empire by fixing Main Street’s software
Briefing
Inovia raises US$200M for new VC fund as it eyes AI’s impact
43% of eligible Albertans voted ahead of Monday’s referendum
AI chip company Tenstorrent raises US$1.5B, valuing it at US$6.2B
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
