Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Martin Jetpacks Landing On Trade Me

Most of the assets of the now-defunct Martin Aircraft Company were snapped up in an international tender that closed last week, but two of the protype Martin Jetpack aircraft are about to land on Trade Me – where they’ll start with a $1 reserve.

“We’re getting calls and emails from people all over the world who are interested in the Martin Jetpack story and in the sale of the equipment,” says Skylarc Asset Realisation’s Sam Brown.

“All I can say is that we’ve sold the tender package with jetpacks, unmanned drone test aircraft, spare engines, training simulators, every imaginable spare part, computer servers, branding and technical documentation. It will soon be heading off to the buyer. And no, I can’t say where it’s going or what price it went for,” Sam says.

Two prototype Martin Jetpacks and other remaining assets of the pioneering Christchurch aviation company will go live on Trade Me in the next few days – where each item will start with a $1 reserve.

“This is a once in a lifetime opportunity to buy a Martin Jetpack. You won’t be flying anywhere with it, but it will be a great talking point,” Sam says.

“In the last few weeks I’ve spoken to plenty of aviation buff and collectors who are eying up this opportunity. Some of them have likened this to having the opportunity to buy a John Britten motorcycle. One of his motorbikes is on permanent display in Te Papa.”

When the last of the Martin Jetpack Trade Me auctions ends on Tuesday 23 November, the door will close on the Martin Aircraft Company and a unique slice of New Zealand aviation history. Aviation enthusiasts are likely to remain on alert, to see whether Martin Jetpacks re-emerge in some form under the new ownership.

David Ruscoe and Russell Moore of Grant Thornton New Zealand were appointed as Liquidators of Christchurch-based Martin Aircraft Company Limited in March, following the wind up of the company in 2019. They appointed Sam’s company to manage the sale of the remaining assets on their behalf.

About the Martin Jetpack

· The Martin Jetpack was the brainchild of Christchurch man Glenn Martin, who started development in his garage in the 1980s.

· It’s a single person aircraft - rather than a jetpack - powered by a petrol engine with two ducted fans providing lift-off. The pilot is strapped into a standing frame and uses hand controls to pilot the craft.

· The vertical take-off and landing (VTOL) aircraft has held New Zealand Civil Aviation Authority and United States FAA approval for manned test flights. It was classified by the FAA as an experimental ultralight plane.

· A prototype was unveiled at the Experimental Aircraft Association’s annual AirVenture in Oshkosh, United States in 2008.

· The Martin Jetpack was designed to be easy to fly, so it could be used by first responders and could also carry a payload. It was able to fly for almost half an hour.

· It features a carbon fibre airframe and landing gear, aluminium quad rotor, and titanium and Inconel exhausts.

· Martin Aircraft Company Limited closed its doors in 2019.

· David Ruscoe and Russell Moore of Grant Thornton New Zealand were appointed as Liquidators in March 2021 and have tasked Skylarc with selling the remaining assets.

Video footage showing development of the Martin Jetpack is at

Auction details are at

© Scoop Media

Business Headlines | Sci-Tech Headlines


Energy Resources Aotearoa: New Law On Decommissioning Could Be Costly Overkill
A new law on decommissioning oil and gas fields passed by Parliament today has good intentions but is overkill, according to Energy Resources Aotearoa. "We strongly support operators taking responsibility and paying the costs for decommissioning, which is what all good operators do," says chief executive John Carnegie... More>>

Commerce Commission: News Publishers’ Association Seeks Authorisation To Engage In Collective Bargaining

News Publishers’ Association of New Zealand Incorporated seeks authorisation and provisional authorisation to engage in collective bargaining with Facebook and Google. The Commerce Commission has received applications from News Publishers’ Association of New Zealand Incorporated (NPA) seeking authorisation and provisional authorisation on behalf of itself... More>>

Reserve Bank: MPC Continues To Reduce Monetary Stimulus
The Monetary Policy Committee agreed to raise the Official Cash Rate (OCR) to 0.75 per cent. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment... More>>

PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>

REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>

BNZ: Auckland Retail Card Spending Bounces Back In Step Two
Bank of New Zealand (BNZ) card spending data released today shows one week of retail therapy at Alert Level 3 Step 2 has been enough to raise card spending in Auckland to levels greater than before the Delta lockdown... More>>