• NC Software is proud to announce the release of APDL - Airline Pilot Logbook version 10.0. Click here to view APDL on the Apple App store and install now.

Grob in Bankruptcy

Flex-ible

JAFO
Joined
Jan 12, 2008
Posts
264
Total Time
40+
Grob has filed for the German form of Chapter 11 bankruptcy organization. This will certainly affect those that were going to fly their jet - but also potentially Flexjet since they were/are supposed to build the wing for the Lear 85.
 

CL300Pilot

Well-known member
Joined
Oct 4, 2005
Posts
322
Total Time
Some
Not just the wing, the fuelage as well. The Lear 85 was/is going to be all composite. However, Bombardier has stated that this will not effect the 85 program.

We will see.
 

FastJP4

Well-known member
Joined
Dec 16, 2007
Posts
1,371
Total Time
enough
I'm sure this will have an effect on the 85. Bombardier was counting on Grob's experience with composites for that project. I'm guessing it will at a minimum set the time frame back further, and may change the makeup of the aircraft itself. Time will tell.
 

On Your Six

Well-known member
Joined
Mar 8, 2004
Posts
4,509
Total Time
9,500
I wonder what Alpha Flying is going to do now - especially since all of their ads for the last 9 months have included pictures of the Grob...
 

bunman45

goose
Joined
Dec 19, 2007
Posts
112
Total Time
500000
Bankruptcy doesn't mean out of business. It just might have been the only way the company could keep the 85 on schedule.
 

jonjuan

Honey Ryder
Joined
Feb 26, 2004
Posts
4,155
Total Time
3,000+
I wonder what Alpha Flying is going to do now - especially since all of their ads for the last 9 months have included pictures of the Grob...

http://www.ainonline.com/news/singl...te-grobs-woes-planesense-stands-by-spn-order/

Despite Grob’s Woes, PlaneSense Stands By SPn Order

By Jennifer Harrington
August 21, 2008
Fractional, Business Aviation


http://www.ainonline.com/news/single-news-page/George Antoniadis, the president and CEO of Alpha Flying’s PlaneSense fractional ownership program, is standing by the company’s order for 25 Grob SPn midsize jets. “We do feel that it is the right aircraft for us, and at this time we’re sticking with it,” he told AIN.

“We have not canceled our order. Grob Aerospace filed for insolvency on Monday after a “loan provider” withdrew financial support of the SPn program.

Antoniadis said that if the program is delayed further, Alpha Flying will redirect its resources, including pilots, to its Pilatus PC-12 program. “Because of the time remaining until the anticipated introduction of the SPn, we have the flexibility to redeploy resources as we see fit,” he said.

Antoniadis added that he has planned the timing and resources to coincide with the airplane’s introduction late next year. “We were not expecting an airplane next month,” he said.

According to Antoniadis, his company has not yet released Grob SPn shares for sale, although it does have “strong interest” from customers.
 

jonjuan

Honey Ryder
Joined
Feb 26, 2004
Posts
4,155
Total Time
3,000+
Bankruptcy doesn't mean out of business. It just might have been the only way the company could keep the 85 on schedule.
Bingo.....
 

fischman

Well-known member
Joined
Aug 11, 2005
Posts
2,360
Total Time
4000
The Lear 85 is a GREAT looking airplane.
 

johnnyride24

Well-known member
Joined
Jan 23, 2006
Posts
81
Total Time
1.1
I'm sure this will have an effect on the 85. Bombardier was counting on Grob's experience with composites for that project. I'm guessing it will at a minimum set the time frame back further, and may change the makeup of the aircraft itself. Time will tell.


Bombardier hired the Grob enginers and brought them to Montreal.
 
Top