UK aircraft manufacturer Britten-Norman is seeking to appoint an administrator, a spokesperson from the company confirmed to Airline Economics.
“In support of the company’s future plans, especially with regard to the repatriation of aircraft manufacturing to the UK as announced last September, the board has appointed advisors to assist in exploring options to secure the necessary additional investment,” explained business development director Lara Harrison.
“While the board continues to engage in constructive discussions with the company’s key stakeholders, it has taken a decision to file court documents that will protect the position of the business,” she continued, adding that “this will allow the board to focus on achieving the correct structure for any proposed new investment”.
Britten-Norman’s Islander aircraft was originally manufactured at the company’s Bembridge, Isle of Wight base before production was transferred to Romania in the late 1960s. It was subsequently repatriated to the UK in June 2023, with elements built on the island transferred to a final assembly line at Lee-on-Solent.
“Subject to a satisfactory conclusion of the process, the board is looking forward to following up with a further announcement in the coming weeks,” concluded Harrison.
Britten-Norman seeks to appoint administrator
