Investors are considering reviving Grob SPn programƧ

An agreement for German investors to take over the trainer aircraft business of the insolvent Grob Aerospace group might have cleared the way for a separat

By Charles Alcock • Managing Editor

February 27, 2009

An agreement for German investors to take over the trainer aircraft business of the insolvent Grob Aerospace group might have cleared the way for a separate deal to resurrect the SPn light business jet program. On January 28, Grob’s insolvency administrator, Dr. Michael Jaffe, announced a deal under which H3 Aerospace and the Fortius Mittelstandskapital AG financial group assumed control of the trainer business at Grob’s Tussenhausen-Mattsies site in southern Germany beginning February 1. The financial terms of the agreement have not been disclosed.

In the wake of the long-awaited partial resolution of Grob’s insolvency
proceedings, plans are moving forward whereby one or more of Grob’s main creditors, backed by other undisclosed investors, might take control of the SPn. Following the January 28 creditors’ meeting in Munich, Jaffe indicated that SPn development and production work may stay at Tussenhausen-Mattsies.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.