Scoot Ferries couple launch Powdair airline - and ask for £3 million after backer walks away
After inviting investors to a communitity ownership model it now appears they aren't investments. They're 'pledges'
The company said on Tuesday 134 potential investors had come forward, but warned: "Pledges do not represent a stake in Powdair. Failure of the airline in the next five years would mean loss of the funds with no realistic recovery."