Martin Jetpack posts $5m loss, quits ASXSUPPLIED Manned flight in the Series 1 Martin Jetpack in late 2017. As predicted by at least one shareholder, Christchurch-based Martin Jetpack Company has requested that its shares be delisted from trading on the Australian Stock Exchange. The demonstrations would assist in new money raising, which would help repay the loan to KuangChi Science, West said. ​Contrary to earlier plans to develop a new longer life engine, Martin Jetpack would now focus on improving the Series 1 engine. Martin Jetpack relies on KuangChi Science to continue as a going concern.

Source: Stuff March 05, 2018 03:11 UTC