Tue, Oct 16, 2007
Liberty Aerospace, Inc., the manufacturer of the Liberty XL-2,
tells ANN that they have closed a major debt financing which will
allow Liberty to significantly expand its production capacity to
meet 'growing U.S. and international demand for the Liberty XL-2
aircraft.' The financing was arranged by Kuwait Finance House
(Bahrain), which manages Liberty's major shareholder, Fernas Europe
slf.
"The decision to raise finance for Liberty's expansion plans was
based on the strong worldwide demand for Liberty's XL-2 aircraft
which has been achieved by Liberty's exceptional leadership team
and dedicated work force. The finance is important as it gives
strength, stability, and resources to Liberty that will culminate
in Liberty's further success in aircraft sales." said Mr.
Abdulhakeem Alkhayyat (shown below, left, with Liberty's Keith
Markley) - General Manager of Kuwait Finance House (Bahrain)
B.S.C., and director of Liberty.
"With the global market rapidly expanding, and the ease in which
the XL-2 is exportable, Liberty will become the premier two-seater,
all-purpose aircraft, worldwide," stated Keith Markley. The
allocation of funding is provided for ongoing expansion
highlighting a variety of certification projects worldwide as well
as an aggressive sales and marketing campaign.
Markley commented, "We are extremely excited that our investors
and financiers take pride in our company and our accomplishments,
and recognize the unique team that Liberty employs." Markley added
that, "I would like to further acknowledge and thank our dedicated
and talented work force for maintaining the highest quality and
safety standards in the industry today."
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