Britten-Norman has announced fresh investment that will allow the company to accelerate production rates of its Islander utility aircraft and boost its performance in the aftermarket business. The privately-owned UK airframer would not disclose the amount invested by Beechlands Enterprises in its announcement on October 14 but said it is the biggest investment in the company for 30 years and exceeds the targets it had for the now-complete second funding round.
In March, private equity group 4D Capital Partners acquired Britten-Norman for an undisclosed amount and said it would source further investment in the company, which produces the Islander family of turboprop and piston aircraft, including a military variant called the Defender 4000. Last year, Britten-Norman’s management team reopened the company’s production line at Bembridge on the Isle of Wight under a plan to move manufacturing back from Romania, where the Islanders had been built.
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