Safire Update

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There is little new or definitive in the ongoing saga of Safire Aircraft Company's struggle to find new financing to bring its planned light-light Safire Jet to market. As AVweb reported, the company suspended operation on June 10 and set off to find new financing opportunities. However, some good news for the company may be announced as early as next week. AVweb spoke to company officials earlier in the week about published reports that it was close to closing a deal with Middle Eastern financiers. However, neither that nor any other deal is ready for announcement, according to the company. Some news may be available next week, however.