Safire evicted from Florida headquarters

AINonline
October 1, 2007, 10:48 AM

Facing a serious financial crisis that threatens to force the company into bankruptcy, Safire Aircraft was evicted from its offices at Opa-Locka Airport in South Florida last month for failing to pay the rent after the would-be very-light-jet manufacturer fell three months behind in payments. Safire CEO Camilo Salomon said recently that he is still pursuing $100 million in fresh financing, but the company has not indicated it is any closer to a deal now than it was on June 9 when it laid off most of its 70 employees. Safire’s lawyer and executive v-p, Greg Fatovic, told AIN that, temporarily, the company “is not in the position to e-mail its position holders and customers.”

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X