Liberty Obtains Major Debt Financing | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.20.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

Airborne Hi-Def On YouTube

Airborne 04.20.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

Tue, Oct 16, 2007

Liberty Obtains Major Debt Financing

Liberty Aerospace, Inc., the manufacturer of the Liberty XL-2, tells ANN that they have closed a major debt financing which will allow Liberty to significantly expand its production capacity to meet 'growing U.S. and international demand for the Liberty XL-2 aircraft.'  The financing was arranged by Kuwait Finance House (Bahrain), which manages Liberty's major shareholder, Fernas Europe slf.

"The decision to raise finance for Liberty's expansion plans was based on the strong worldwide demand for Liberty's XL-2 aircraft which has been achieved by Liberty's exceptional leadership team and dedicated work force. The finance is important as it gives strength, stability, and resources to Liberty that will culminate in Liberty's further success in aircraft sales." said Mr. Abdulhakeem Alkhayyat (shown below, left, with Liberty's Keith Markley) - General Manager of Kuwait Finance House (Bahrain) B.S.C., and director of Liberty.
 
"With the global market rapidly expanding, and the ease in which the XL-2 is exportable, Liberty will become the premier two-seater, all-purpose aircraft, worldwide," stated Keith Markley. The allocation of funding is provided for ongoing expansion highlighting a variety of certification projects worldwide as well as an aggressive sales and marketing campaign.

Markley commented, "We are extremely excited that our investors and financiers take pride in our company and our accomplishments, and recognize the unique team that Liberty employs." Markley added that, "I would like to further acknowledge and thank our dedicated and talented work force for maintaining the highest quality and safety standards in the industry today." 

FMI: www.libertyaircraft.com

Advertisement

More News

Airborne 04.24.15: DA62 Cert, Flt Design's C4, Sporty Transitions, 1st Flt Fight

Also: Legend Cub, Piper Orders, Postal UAVs?, IMC Club 'Brown Jacket Award', X-47B Refueling The Diamond DA62 has received its EASA Type certificate. After a sunny and warm day Wed>[...]

Airborne 04.23.15: Able Flight, Diesel Archer, RutanRC!

Also: United Bars Security Expert, Airborne Advisors, NTSB Video, Avidyne, Cessna, Airport Access Tempest Plus Marketing Group has announced support for Able Flight as a Platinum L>[...]

Aspen Avionics, True Innovators, Present SnF2015 Special Event Coverage!

SnF2015 Sponsor: Always-Innovative Aspen Avionics Aspen Avionics specializes in bringing the most advanced technology and capability into general aviation cockpits. Our products in>[...]

Amazing Amphib! Lakeland 2015 Sponsor Progressive Aerodyne Goes EVERYWHERE

Progressive Aerodyne Does it All -- Land, Sea and Sky! Explore 'no limits' living in the newly FAA certified Searey Elite Amphibious Light Sport Airplane. This distinctive aircraft>[...]

ANN's Daily Aero-Linx (04.26.15)

Aerospace Web Aerospaceweb.org is a non-profit site operated by engineers and scientists in the aerospace field. The goal of this site is to provide educational information on a va>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC