Remos Aircraft, which has been aggressively marketing Light Sport aircraft in the U.S. of late, will issue a statement later today concerning restructuring of its German manufacturing business. The company filed a notice of insolvency (definition - PDF) with German authorities 10 days ago but that's not as dire as it sounds according to Ken Weaver, executive vice president of marketing and communications for the three companies that make up the Remos group. In fact, he said, it's the foundation for the development for new programs that will be announced in 2010. "This is not a bankruptcy," he said. "It is a procedural option that is open to us under German commercial law that will allow us to launch these programs in 2010." Legal considerations prevented him from providing more detail in time for AVweb's publishing deadline.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/remos-restructuring-manufacturing-arm