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The long-struggling jetpack maker is in its death throes. Martin Aircraft will delist from trading platform USX at the end of this month, after its managing director bought out its biggest shareholder in a debt write-off deal. The Christchurch-based company, which has been increasingly downtrodden in recent years, has been in a trading halt since June 11, after a change in controlling shareholding and associated director resignations. In an off-market transaction completed on June 10, an entity controlled by Martin’s managing director, Ran Elias, acquired about 206 million shares from majority owner KuangChi Science. As part of the transaction, KuangChi agreed to forgive all its loans to the company ($6.5 ....