Kestrel Struggles, Seeks New Financing (Revised)
A Bangor, Maine, newspaper reported this week that Kestrel Aircraft is struggling to pay workers and is behind on its rent payments at the company’s Brunswick Naval Air Station facility. Kestrel CEO Alan Klapmeier confirmed to the Bangor Daily News that payments and payroll have been late and that Kestrel employees in Brunswick are currently without health, life and dental insurance benefits.
Although company spokesperson Kate Dougherty declined comment when contacted by AVweb Monday, the paper reported that Kestrel is close to receiving a round of funding that may allow it to resume payments. Kestrel employs about 40 people at the Brunswick Landing facility, where it is designing a new single-engine turboprop. The company had originally hoped to bring 300 jobs to Brunswick, but in 2011, due difficulties in obtaining financing, it said it would move manufacturing operations to Superior, Wis.