Czech manufacturer Evektor has put their twin turbo-prop EV55 Outback project on hold.
The EV55 is an 11-seat utility/transport aircraft running two PT6-A turbines.
According to the company, EV55 development has had to stop whilst the company sorts out issues with a Malaysian investor.
"It is our obligation to inform you that Evektor has temporarily put the EV-55 project on hold until some uncertainties have been solved with our Malaysian investor," a March announcement states.
"In any case, to secure the EV-55 program, several solutions are currently in progress with which we hope the certification milestone will be achieved, as recently planned.
"We would like to ask our suppliers and potential customers for their patience. In the meantime, we look forward to doing business with this high potential aircraft!"
Evektor Aircraft was founded in 1991, and in 2014 signed a joint venture agreement with Malaysian company Aspirasi Pertiwi Sdn Bhd. The Malaysian investment was expected to reach $US 200 million.