UK-based aircraft manufacturer Britten-Norman is considering appointing an administrator six months after its relocation back to its ancestral home in Bembridge on the Isle of Wight.
Best known for its Britten-Norman Islander, an aircraft often found amongst smaller regional operators’ fleets, the manufacturer is now “exploring options” to secure the necessary additional investment to support the company’s future plans.
The decision to file court documents was taken to “protect the position of the business,” as its Business Development Director Lara Harrison explained. “This will allow the board to focus on achieving the correct structure for any proposed new investment.”
The aircraft manufacturer announced several ongoing LOIs for Britten-Norman Islanders and an extended version last year, with Australian charter operator Torres Strait Air and SJC Group in Malta signing agreements. In July, Indian operator Spirit Air also signed for six new BN2T-4S turboprop Islander aircraft.
In September 2023, it was revealed that the merger with Cranfield Aerospace had been paused in favour of a strategic partnership. Britten-Norman and CAES are working on Project Fresson, the development of a hybrid-electric propulsion system for BN-2T Islanders. The aircraft is due for commercial launch in 2026.
On the subject of administration, further news is expected, with Britten-Norman hoping to make an announcement in the coming week.
Image credit: Britten Norman
