Continental Motors, a subsidiary of Beijing-based Avic, partnered with STC and custom design and installation services firm ASI Innovation of Reims, France, to acquire the type certificate, inventory and manufacturing rights for the F406 twin turboprop from Reims Aviation, which was declared insolvent last year. The F406 is an unpressurized, 14-passenger airplane manufactured by Reims Aviation and originally designed in cooperation with Cessna in the early 1980s.
France’s Reims Aviation, one of the few remaining independent aircraft manufacturers and structure subcontractors in Europe, last month launched the F406 Mark II turboprop twin, which has upgraded avionics, increased endurance and better hot-and-high performance than its predecessor, the Mark I.
French utility aircraft builder Reims Aviation went into bankruptcy protection on October 30. A company statement said the move was forced by a cash-flow crisis rather than a lack of orders.
Reims Aviation, one of Europe’s few remaining independent light aircraft manufacturers and subcontractors, has been saved from bankruptcy. The Reims, eastern France commercial court lifted the bankruptcy protection order on the company but said it should be broken up and sold in two parts, with 164 of the 461 employees losing their jobs.