Former Grob Aerospace chief executive Niall Olver has confirmed that he is actively trying to put together a deal to restart development of the SPn light business jet, which was suspended when the group had to initiate insolvency proceedings last year. One option being considered in talks with undisclosed interested parties is that they would establish a fund with which they would jointly buy the SPn assets from the main Grob Aerospace creditor.
The SPn assets are now held by a new–and as yet unnamed–company that is wholly owned by the creditor. The insolvency process is essentially complete and the German administrator who handled the process for Grob Aerospace GmbH–Grob Aerospace Group’s Germany-based operating company–no longer has any involvement in the resale of the assets. The claims of other Grob creditors were dealt with in January when the administrator sold the Group’s trainer aircraft business to Germany’s H3 Aerospace of Munich, which will continue operations of this business under the name Grob Aircraft AG.
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