A Difficult Decision Amidst Economic Pressure

In an internal memo to employees, CEO Michael Colglazier expressed the challenging nature of this decision, highlighting the impacts on the team and the company’s long-term financial health.

«We will accomplish this, but it requires us to redirect our resources toward the Delta ships while streamlining and reducing our work outside of the Delta program», he states.

«This is a tough moment… but these actions are being taken to remove reliance on unpredictable capital markets, and these actions protect our ability to succeed as we build and lead our industry through the long term. I ask for your understanding and continued engagement as we adjust our operating focus and move forward», Colglazier concludes.