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Last Updated: Tuesday, 1 August 2006, 07:10 GMT 08:10 UK
Vulcan project near to collapse
The Vulcan under restoration
The project has already cost �4m but is on the verge of folding
A project to restore a vintage aircraft to flying condition is on the verge of collapse due to a funding crisis.

A team of 30 engineers have spent the past nine years restoring a Vulcan bomber but have been told their contracts will be ended this month.

The Vulcan Operating Company, based at Bruntingthorpe, Leics, has already spent more than �4m on the plane, the only example capable of flying again.

Organisers have said they need �250,000 over the next month to keep going.

The crisis has been blamed on a sharp rise in costs.

People from around the world have donated money to realise the project and recently a DVD has been produced to contribute to the fundraising effort.

The plane last flew from RAF Waddington near Lincoln more than a decade ago.

Vulcans were long-range bombers and were retired from active service in 1984.




SEE ALSO
Vulcan bomber project could fold
19 Apr 06 |  Leicestershire
Vulcan bomber set for the skies
10 May 05 |  Leicestershire

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