Flight Design USA Improving

Flight Design USA Reports Improving Forecast, “Things Are Looking Up at Flight Design GmbH”

As 2016 began, the most successful seller of Light-Sport Aircraft, Flight Design GmbH of Germany, faced a daunting financial situation that resulted in significant actions to remedy the situation. In the space of a few months, the company has worked diligently with its creditors and the forward view is taking an agreeable
perspective.

“After a challenging first few months of 2016, things are looking up at
Europe’s Flight Design GmbH,” said Flight Design USA President, Tom Peghiny.
Flight Design USA is the North American importer that has propelled the
German company’s CT series to the top of the LSA fleet in America. “After
seeking and gaining acceptance of voluntary insolvency under German law, the
company has worked with dealers and suppliers to reorganize and continue
producing aircraft at their facilities in Ukraine and Germany,” Peghiny
added.

Peghiny noted that the most important news for existing owners of Flight
Design aircraft was the immediate investment to ensuring the continuation of
safety-related fleet surveillance. This is a key component of Continued
Operational Safety Monitoring (COSM), which is of primary importance to
European regulator EASA, America’s FAA, and aviation regulators worldwide.

In parallel, the Flight Design engineering staff has focused on continuation
of all current approvals and completed an EASA Audit at their production
facilities the third week of July 2016.

“Newly manufactured metal and composite spare parts are being shipped to
customers as a result of successful negotiations with the company’s major
supplier network,” observed Peghiny. “Several aircraft that were in the
process of being manufactued are now nearing completion and approval for delivery to their respective customers.”

Peghiny suggested the most important and hopeful news is after successful
negotiations with major dealers is that new aircraft orders have been
received and are now in the process of being delivered. “This is
particularly good news for suppliers, employees, and supporters of Flight
Design.”

“We are very pleased to see things moving again,” said Daniel Gunther, COO
of Flight Design GmbH in Germany. “It shows good faith from our dealers and
suppliers to help us now when we really need it. We have received strong
support from our employees as well. We look forward to delivering these new
orders and moving forward,” said Gunther.

As these developments continue, promising negotiations with potential
investors are currently in process. Recognized as a leading brand in light
aviation worldwide, Flight Design is a prime opportunity for investment to
continue the production of their advanced line of CT series aircraft and
continue development of the state of the art C4, a four-place general
aviation aircraft.

For more information, visit http://FlightDesignUSA.com/media/