19 August 2008
Aircraft manufacturer Grob has been forced to file for insolvency.
According to company CEO Niall Olver, the situation has arisen ‘off the back of recent delays’ to the SPn programme (the SPn being the company’s Very Light Jet project). This resulted in more money being needed to see the aircraft through certification and, as a consequence, Grob’s current loan provider ‘elected to discontinue support with immediate effect’.
The company, which is known to many GA pilots for its training and touring aircraft such as the Grob 115 series and the G-109 motorglider, flew SPn test aircraft No 4 earlier this month.
Olver is upbeat about the future. While saying that “The severity, and significance, of this situation is not at all lost on us,” he adds “We are working relentlessly toward a successful outcome, and to preserving the fine reputation, engineering excellence and terrific company spirit that Grob Aerospace embodies.”
For now all possible options are being be evaluated. As Olver states “Given the significant support we have enjoyed to date, I remain confident that this disruption will be overcome and that we can move forward in confidence in the near future.”
