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PARAMOUNT GROUP’S BUSINESS RESCUE PLAN SECURES THE FUTURE OF AHRLAC

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Johannesburg. 21 October 2019. The Business Rescue Practitioner of Aerospace Development Corporation (Pty) Ltd (“ADC”), the manufacturer of the AHRLAC aircraft, has announced the...

Ahrlac business rescue plan approved

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A business rescue plan for the Ahrlac aircraft has been adopted, which should lead the way to the reopening of the factory and production...

Ahrlac business rescue plan announced

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In the on-going legal saga over the Ahrlac aircraft, the business rescue practitioner (BRP) appointed to settle the shareholder battle has arrived at a...

Multiple projects lined up for world’s largest 3D printer at the...

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The Council for Scientific and Industrial Research’s (CSIR’s) 3D metal printer – the largest of its kind in the world - is being used...

Ahrlac fate in business rescue practitioner’s hands in on-going shareholder battle

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The business rescue process for the Ahrlac aircraft, being developed by Paramount and the Aerospace Development Corporation (ADC), is fraught with complications as the...

Business rescue underway for Ahrlac

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The Aerospace Development Corporation (ADC), which is developing the Ahrlac aircraft, is currently undergoing business rescue proceedings in order to ensure the sustainability of...

Potgieters maintain ADC is an independent company

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Top management of the Aerospace Development Corporation (ADC) in the form of father and son team, Paul Potgieter senior and junior, aver strongly ADC...

Business rescue for Ahrlac?

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Paramount Aerospace Holdings, a subsidiary of Paramount Group, has made an application for the commencement of business rescue proceedings for the Aerospace Development Corporation...

BRONCO II launched for USA

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In a move set to revolutionise the light attack and tactical C4ISR aircraft industry, the launch of the BRONCO II aircraft is announced today...

BRONCO II launched for USA

The BRONCO II's internal Interchangeable Multi-Mission System Bay allows a single airframe to be rapidly reconfigured to perform multiple roles.In a move set to...

COMPANY NEWS

Check before you speak, Minister!

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South African Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula needs to verify her facts before she speaks, or risk further embarrassment to the South...