Britten-Norman Aircraft Ltd saved from administration
British aircraft manufacturer Britten-Norman has been bought out of administration by a company named Shelton Bidco Ltd, resulting in a working capital injection into the business and support to ramp up production of its iconic Islander aircraft. The five companies connected to Britten-Norman – B-N Group Ltd, Britten-Norman Ltd, Britten Norman Aircraft Ltd, BN Defence Ltd and BN Daedalus Ltd – were all placed into administration on 21...
Tayside Aviation administration update after collapse
The administrators appointed to Tayside Aviation after its collapse in April have now published a progress report detailing their work on the recovery and sale of Tayside’s assets and the dispersal of funds to the company’s creditors. While indications are that secured creditors will get some if not all their money back, the news for unsecured creditors, which include those customers who had paid upfront for pilot training programmes,...
