Remos Announces Capital Investment

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What appeared originally as rumors of a catastrophic loss of investment capital leading to an actual "notice of insolvency" filing have been clarified by Remos as "a procedural option" under German law and now "a new capital injection" that solidifies the company. The company announced Thursday that an "additional significant investment" has made "secure the future of REMOS Aircraft" and will allow the company to move "strengthened into the year 2010." REMOS credited its two main shareholders, the Faerber Group of Munich and Pall Mall partners of London, for enabling "the introduction of new programs through which the company will be able to address new customer segments." REMOS claims itself to be "the world's leading manufacturer of Light Sport Aircraft" and says that in spite of the slow economy it "reached the goals" it set for the year 2009.

REMOS's future goal, announced at Oshkosh '09, is to create a world-wide distribution and support network that cares for its aircraft and customers and further develops and maintains a sustainable culture around use of its LSAs. Founded in 1994, the company manufactures in Germany its all-composite flagship single-engine LSA, the REMOS GX.