Electra to build $850M Ohio factory for EL9 hybrid-electric plane

Electra is putting $850 million into its first aircraft factory, and it picked Springfield, Ohio to build the EL9 Ultra Short, its nine-passenger hybrid-electric plane that can take off in as little as 150 feet. The plant will eventually build up to 800 aircraft a year and create nearly 2,000 jobs, the company said Tuesday. That’s a big commitment for a plane that hasn’t flown yet.