Federal Judge Sides With Boeing
A federal judge agreed with Boeing’s challenges of a jury verdict and nullified the $72 million awarded by the jury to Zunum Aero. Zunum, a Seattle aviation startup, was attempting to develop a hybrid electric airplane and in 2017 entered a partnership with Boeing, where Boeing advanced Zunum $9 million in loans. The startup was unable to gain any traction and ended up suspending its operations in 2019.