Sentient Closes Financing Round

 - July 30, 2008, 11:57 AM

A Sentient Flight Group executive told AIN today that the funding round referenced in yesterday’s issue of AINalerts (click here for story) has closed, putting the company on a more stable financial footing. He added that recent acquisitions and an attempt to combine accounting into one unit had led to billing and payment delays. According to the official, the new funding “is sufficient to make the necessary payments” and noted that the company is “finalizing its plan to bring all vendors current.”