SPn Light Jet Program Could See New Cash

Grob Aerospace is now virtually out of sight as far as its SPn light jet program is concerned, but a new group of investors could resurrect the program from insolvency. Development of the composite light jet ceased last year when funding evaporated, but a report indicates the former Grob CEO is assembling a group to reinvigorate the program. With all assets now held by creditors, those who control the program's destiny have apparently asked former Grob CEO Niall Olver to reconvene as many of the engineers as possible to restart the program. Reportedly, up to two-thirds of the engineering staff has indicated they would return.

Mark Phelps is a senior editor at AVweb. He is an instrument rated private pilot and former owner of a Grumman American AA1B and a V-tail Bonanza.

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