Kittyhawk, the air-taxi company backed by billionaire Google co-founder Larry Page, will be closing down, dealing a setback to the long-elusive dream of developing flying cars.
"We have made the decision to wind down Kittyhawk," the company said on Twitter. "We're still working on the details of what's next."
The company's technology is expected to live on in the form of its Wisk Aero joint venture with Boeing. Wisk's operations won't be affected by Kittyhawk's shutdown, Boeing said Wednesday.