New owner pairs Flight Design with gyrocopter
German light sport aircraft maker Flight Design has a new owner, Lift Air, which already owns the Rotorvox gyrocopter company.
Flight Design has been in receivership since February 2016. The administrator, Knub Rebholz, has kept the company operating since, while seeking a new investor.
Lift Air GmbH, part of Lift Holding, takes over from Flight Design the EASA design organisation, the production site in Ukraine as well as the design rights for all Flight Design products. Both parties have agreed to keep the purchase price confidential.
“I am glad that we are able to maintain the know-how of one of the world’s market leaders in the light aircraft sector and to secure it with a well-funded investor,” said Rebholz.
Sven Lindig, managing director of Lift Holding and Lift Air, said, “We are delighted to be able to take over all of Flight Design’s assets and are confident we will soon be back as a world leader in the development and construction of light aircraft.”
With thanks to www.flyer.co.uk