An agreement for German investors to take over the trainer aircraft activities of the insolvent Grob Aerospace group may clear the way for a separate deal to resurrect Grob’s SPn light business jet program, according to the on-line newsletter AINalerts.
Grob’s insolvency administrator, Dr. Michael Jaffe, announced on Jan. 29 a deal under which the Fortius Mittelstandskapital AG financial group, backed by H3 Aerospace, will assume control of the trainer activities at Grob’s Tussenhausen-Mattsies site in southern Germany, the newsletter reported. The agreement starts on Feb. 1.
Jaffe also said that he expects the SPn program to be taken over by one of Grob’s main creditors, backed by some other undisclosed investors. He indicated that SPn development and production work might stay at Tussenhausen-Mattsies.
Resumption of training aircraft manufacturing and support will secure about 100 jobs at the former Grob plant, according to Jaffe. Fortius and H3 are committed to expanding the company and increasing employment, he said.
