Safire Finance Deal Tanks | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-12.08.25

AirborneNextGen-
12.09.25

Airborne-Unlimited-12.10.25

Airborne-AffordableFlyers-12.11.25

AirborneUnlimited-12.05.25

AFE 2025 LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Tue, Aug 10, 2004

Safire Finance Deal Tanks

Company Still Closed

Safire Aircraft Company's prospects appear to be dimming. A month after announcing that funding from the Persian Gulf would allow it to reopen, the check's not in and the doors are still locked.

The South Florida Business Journal says that the money Safire President Camilo Salomon said was coming from the United Arab Emirates has not materialized. Work was supposed to have restarted last month. But workers are still idle, still due back pay, according to the Journal. They also add that Salomon is bankrupt and $13 million in debt, according to the paper.

Safire was reportedly set to exhibit its wares at AirVenture 2004 in Oshkosh last month. But the company canceled on July 21st, according to EAA spokesman Dick Knapinski.

FMI: www.safireaircraft.com

Advertisement

More News

Aero-News: Quote of the Day (12.09.25)

“We respectfully call on the City of Mesa to: 1. Withdraw the landing fee proposal immediately 2. Engage with the aviation community before making decisions that impact safet>[...]

ANN's Daily Aero-Term (12.09.25): High Speed Taxiway

High Speed Taxiway A long radius taxiway designed and provided with lighting or marking to define the path of aircraft, traveling at high speed (up to 60 knots), from the runway ce>[...]

ANN's Daily Aero-Linx (12.09.25)

Aero Linx: International Federation of Airworthiness (IFA) IFA uniquely combines together all those with responsibility for policies, principles and practices concerned with the co>[...]

NTSB Final Report: Diamond Aircraft Ind Inc DA20C1 (A1); Robinson Helicopter R44

Controller’s Expectation That VW02 Would Have Departed Sooner Led To An Inadequate Scan And Loss Of Situational Awareness Analysis: A Robinson R-44 helicopter N744AF, VW02 (V>[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN! 1) I forgot my password. How do I find it? 1) Easy... click here and give us your e-mail address--we'll send it to you >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC