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December 10, 2009
REMOS strengthens its capital base
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Pasewalk, Germany - REMOS Aircraft has received an additional significant investment and has broadened its capital base. This was announced today by the management of the German aircraft manufacturer. With this new capital injection, REMOS Aircraft goes strengthened into the year 2010.

 

REMOS Aircraft succeeded in strengthening its leadership in the LSA segment despite the challenges presented by slow demand in the aviation industry, particularly in the U.S. market. "With the highest growth rates in the industry, meanwhile dominating the LSA segment, and with significant progress in building our marketing and sales organization, we have reached the goals we had set ourselves for the year 2009", said Michael Meirer, member of the executive board and responsible for the U.S. market.

 

The steps initiated by the two main shareholders, the Faerber Group of Munich, Germany and the London investment house Pall Mall Partners, in cooperation with the REMOS management, secure the future of REMOS Aircraft and enable the introduction of new programs through which the company will be able to address new customer segments.

 

Company Summary: REMOS Aircraft is the world's leading manufacturer of Light Sport Aircraft. Founded 1994, REMOS is an international aerospace manufacturing company with operations in the Europe and North America. REMOS' flagship product, the REMOS GX, is an all-composite, single engine, recreational aircraft certified by the FAA and EASA. Manufactured in a state-of-the-art facility in Pasewalk, Germany, REMOS aircraft are distributed and supported world-wide through a network of exclusive sales, maintenance and flight training programs. For more information please visit www.remos.com.

 

[REMOS Aircraft GmbH Press Release of December 10, 2009]

 

Pall Mall Partners Technology Funds, London were advised on this transaction by Theo Paeffgen, Rechtsanwalt und Solicitor supported by Michael Steinsieck, Rechtsanwalt both of Paeffgen Rechtsanwaltsgesellschaft mbH, Bonn.










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Last modified January 11, 2018