Spitfire said its decision was due to "the current and long term forecast for the continued relatively low oil prices and the continuing costs of maintaining the retention licence".
"The
Spitfire was built as an interceptor which had a range of 300 miles, so the question now is can we nurse it around."
Taking turns, Brooks, 58, and Matt Jones, 45, who run a flight academy, will pilot the Silver
Spitfire to around 30 countries and soar over some of the world's most cherished landmarks.
The ambitious goal of 'Silver
Spitfire - The Longest Flight' is to circumnavigate the world in a
Spitfire.
Mr Brooks, who co-founded the school in 2010, said: "We want to take the
Spitfire to the people.
The pair will first head to Scotland, then westbound to places including the US, Canada, Japan, Russia and India and back to Britain - all in a single-seater Mk IX
Spitfire, made in 1943 in Castle Bromwich.
"Ten years ago we bought a
Spitfire and weren't sure what to do with it, but we wanted to inspire people in life through aviation.
Under the transaction,
Spitfire shareholders will receive an upfront payment of USD5m in Altimmune common stock and up to additional USD8m in future regulatory and clinical milestones payable in cash or common stock.
Under the headline "
Spitfire exults over Nazi plane in Birmingham", she wrote: "Walk up, walkwalk up, ladies and gentlemen, to the biggest free show you've ever seen!
Suzy
Spitfire Kills Everybody is a smash-bang science fiction adventure filled with action, intrigue, and a dose of dark humor.
A RARE
Spitfire has gone on show after a 35-year restoration - and 66 years after it crashed in a lake.
Malloch's
Spitfire: The Story and Restoration of PK 350.
THE skies above southern Britain echoed to the sound of massed
Spitfire and Hurricane fighters yesterday, 75 years after they defended the country in the Battle of Britain.
Book publisher Evro Publishing announced on Tuesday that it will publish
Spitfire People: The Men And Women Who Made The
Spitfire The Aviation Icon by Paul Beaver in conjunction with the 75th anniversary of the Battle of Britain in July this year.
Prince Harry can't contain his joy as he takes the controls of a
Spitfire before putting it through adramatic roll.
