There is little new or definitive in the ongoing saga of Safire Aircraft Company’s struggle to find new financing to bring its planned light-light Safire Jet to market. As AVweb reported, the company suspended operation on June 10 and set off to find new financing opportunities. However, some good news for the company may be announced as early as next week. AVweb spoke to company officials earlier in the week about published reports that it was close to closing a deal with Middle Eastern financiers. However, neither that nor any other deal is ready for announcement, according to the company. Some news may be available next week, however.
Safire Update
Key Takeaways:
- Safire Aircraft Company has suspended operations and is actively seeking new financing to bring its Safire Jet to market.
- Despite published reports, no definitive financing deal, including with Middle Eastern financiers, is finalized or ready for announcement.
- Company officials suggest that some news regarding their financing efforts might be available as early as next week.
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