IIRC my cousin worked as a mechanic. They couldn't pay the workers when they went bankrupt.

Another problem was probably that the hydrofoil craft was too shaky in the open ocean. Its ok for mainland coastal waters. They need a larger craft for Hawaii.

You'd think that these problems would have been obvious from the start. It would be a mistake trying to do exactly the same thing.

Why pay for a study? Entrepreneurs should learn and benefit from past history.