A group of students (Pegasus Aircraft Group) from York University wants to build the next generation of short-haul jetliner, beating Airbus and Boeing to the punch, through the efforts of approximately 10,000 undergraduates from across Canada.

This plane is supposed to include:

• Full composite airframe and fuselage
• Narrower wingspan than either the B737 or the A320
• Engines designed in-house featuring hydrogen peroxide oxidizing agent
• Fly-by-wire avionics system

What’s the catch? You have to pay $100 for the “privilege” of becoming a contractor, after which you receive one share and $50 back at the end of the year. If you wish to participate for another year, it’s another $100, and the process repeats.

I hate to rain on peoples’ parades, but I wouldn’t go near this one, either as an investor or a student. Unfortunately it was mailed out to many of the Engineering schools across Canada — I hope people aren’t too gullible.

This entry was posted on Wednesday, August 9th, 2006 at 7:15 pm and is filed under Goings On, School. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.