Composite Helicopters NZ appears to have gone into liquidation
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Composite Helicopters NZ appears to have gone into liquidation
As just reported by HeliOps magazine:
Composite Helicopter Manufacturing Liquidation
Shame. It would seem the incidents they had with their prototypes proved to be too expensive.
Composite Helicopter Manufacturing Liquidation
Shame. It would seem the incidents they had with their prototypes proved to be too expensive.
Just got off the phone with the receiver and seems like they have liquidated the NZ part of the business, taken back all the computers and other important stuff and will still try and certify it in the USA. They left behind the first two prototypes but the other 4/5 completed ones have been shipped to the USA already.
The USA part of the business is apparently going to push forward with it.
The USA part of the business is apparently going to push forward with it.
Actually they already had the intellectual stuff - its on the computers that they have already taken back to the USA and which were owned by the American Half of the company. Its only the NZ half that they are liquidating.