LSA Manufacturer Broadens Its Base Of Shareholders

Remos Aircraft has received a significant additional investment, and has broadened its capital base, the German aircraft manufacturer announced Thursday. With this new capital injection, Remos Aircraft says it will enter 2010 in a strong financial position.

The company says it has been successful in solidifying its position in the LSA market despite the challenges presented by slow demand in the aviation industry, particularly in the U.S. market. “With the highest growth rates in the industry, meanwhile dominating the LSA segment, and with significant progress in building our marketing and sales organization, we have reached the goals we had set ourselves for the year 2009”, said Michael Meirer, member of the executive board and responsible for the U.S. market.

Remos flagship product is the REMOS GX, an all-composite, single engine, recreational aircraft certified by the FAA and EASA.

Remos GX

The company says the steps initiated by the two main shareholders, the Faerber Group of Munich, Germany, and the London investment house Pall Mall Partners, in cooperation with the Remos management, secure the future of Remos Aircraft and enable the introduction of new programs through which the company will be able to reach out to new potential customers.

Details of the additional investment were not disclosed.

FMI: www.remos.com