George Antoniadis, the president and CEO of Alpha Flying’s PlaneSense fractional ownership program, is standing by the company’s order for 25 Grob SPns. “We do feel that it is the right aircraft for us, and at this time we’re sticking with it,” he told AIN. Grob Aerospace filed for insolvency on August 18 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. He added that he has planned the timing and resources to coincide with the airplane’s introduction late next year. According to Antoniadis, his company has not yet released Grob SPn shares for sale, although it does have “strong interest” from customers.
PlaneSense Stands By SPn Order
- August 29, 2008, 6:21 AM