An agreement for German investors to take over the trainer aircraft activities of the insolvent Grob Aerospace group might have cleared the way for a separate deal to resurrect Grob’s SPn light business jet program. Grob’s insolvency administrator, Dr.
In many ways, last year was an extraordinary year for business aviation, with a record of more than 1,000 jet deliveries but also a large number of new jet programs launched. Last year, Cessna kicked off the Citation Columbus, a more than three-quarter billion dollar program that brings Cessna into the large-cabin long-range jet market. Dassault is upgrading the Falcon 900 with winglets to make
Grob Aerospace insolvency administrator Dr. Michael Jaffé announced today that two companies have expressed interest in taking over the German aircraft manufacturer.
Newly appointed StandardAero vice president of business development for business aviation Claude Chidiac wants his new employer to offer the best customer service possible. “The ultimate goal is to make the execution flawless and to get StandardAero to be the number-one [service provider] as far as customers are concerned,” Chidiac said.
Grob Aerospace GmbH was formally declared insolvent on November 1. This happened almost 11 weeks after the German manufacturer filed for preliminary insolvency on August 18 following the sudden withdrawal of its main financial backer. Its Swiss parent, Grob AG, was also declared insolvent a few days later in early November.
Grob Aerospace has withdrawn from the MEBA show after its German manufacturing division formally declared insolvency on November 1. Swiss parent company Grob AG, itself, is on the verge of also being declared insolvent.
Germany-based Grob Aerospace GmbH, which was forced to enter the preliminary insolvency process on August 18 after its main source of capital suddenly withdrew financial support for the new SPn light business jet program, on Thursday officially filed for insolvency and laid off most of its staff.
Negotiations in Europe between Grob Aerospace and an undisclosed prospective new investor have continued into a third day. Last week, Grob CEO Niall Olver canceled the company’s exhibit here in Orlando so that top management could focus on reaching agreement with a company that has emerged from a short-list of three as Grob’s favored bidder.
Grob Aerospace is holdings talks in
Europe this week with an undisclosed prospective new investor. The proposed memorandum of understanding would provide fresh capital for Swiss-based parent company Grob AG that would allow it to buy complete control in its insolvent German manufacturing subsidiary, Grob GmbH.
The Grob SPn is delayed indefinitely, due to Grob Aerospace’s having declared insolvency on August 18 in Germany. Grob is working on options to bring the SPn to certification, but so far the company has announced no plan. Grob has orders for more than 100 SPns.