AKA THE ICARUS PROJECT
In 2158, with South American cities paralysed by traffic congestion, the LAU (Latin American Union) sponsored a programme to produce pseudo scientific and technological personal flying devices for businessmen.
Unfortunately, the social unrest during the unprecedented economic depression of 2160-68, resulted in many terrorist attacks on big business and in particular the high profile flying devices. The news bulletins were filled with dramatic stories of lost craft and souls. The programme was shelved in February 2168 but not before the business community had been decimated. Internally, within LAU, the project became known as Icacrus.
Conspiracy theorists claim it was nothing more than LAU sponsored assassination of the incumbent business community and its replacement with their own people.