Safire loses its sparkle as ops were suspended
Unable to pay its 100 or so employees, Safire Aircraft “temporarily suspended operations” early last month, expecting to resume operations after an influx

Unable to pay its 100 or so employees, Safire Aircraft “temporarily suspended operations” early last month, expecting to resume operations after an influx of new financing, according to CEO and president Camilo Salomon.

Negotiations with the company’s potential new European-based investors for a fresh round of financing that was expected to close by May 31 were rescheduled to close before the end of last month, Salomon said. The company failed to obtain a bridge loan for interim funding.

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