LSA Maker Remos Gets Undisclosed Cash Infusion

Especially in times of economic strife, new industry players live and die by news about their economic standing. That's why it was so critical for German Light Sport Aircraft (LSA) manufacturer Remos to announce a new source of funding last week. The fresh funding came from a combination of Remos' two main shareholders — Munich's Faerber Group and London-based Pall Mall Partners. The announcement, which did not include an amount for the new funds, was made by Michael Meirer, a member of the Remos executive board and the man responsible for the company's penetration of the U.S. LSA market. The company's flagship product is the Remos GX, described as an all-composite recreational aircraft manufactured in Pasewalk, Germany.