Sino Swearingen Aircraft has secured funding from Taiwanese investors to complete certification and begin production of the SJ30-2 entry-level business jet.
The San Antonio, Texas-based company had slowed work on the programme while it sought $100 million in additional funding to bring the aircraft to production.
"We have identified a consortium of investors who will provide Sino Swearingen with the necessary funds to complete certification," says CJ Chen, Taiwan's representative to the USA.
The company expects to begin full manufacturing as early as May 2002 at its Martinsburg, West Virginia, plant. US certification is scheduled for the third quarter of 2002.
"We now have the resources we need to move forward, complete the final phase of the certification process and begin manufacturing the aircraft," says Sino Swearingen president Jack Braly.
Source: Flight International
