The Economic Times

Another airline shuts down as US-Iran war keeps fuel costs high; hydrogen-electric air taxi startup abandons plans before launching passenger flights

Australia's Stralis, an airline startup, is shutting down after plans for hydrogen-electric air taxi flights failed to reach commercial readiness. The decision comes as high jet fuel prices linked to the US-Iran war continue to pressure airlines. Moreover, the company also faced regulatory costs, limited hydrogen infrastructure and a lack of funding