Airship That Never Lands (Bloomberg)

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France has entered the global race to develop a viable cargo airship with a 500-foot blimp designed to lift lumber from deep woodland.

Flying Whales is joining a contest that includes defense giant Lockheed Martin Corp. and a clutch of smaller players. What’s different about the latest project is the combined benefit of the blimp being able to lift an industry-leading 60 tons, but without any requirement for mooring pylons.

The company has already secured about 200 million euros ($246 million) in capital. It plans an initial public offering in 2021, when a prototype is slated for its first flight.

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Written by Long Branch Mike