The Kuwait Finance House, Bahrain (KFH-Bahrain) has signed an agreement to acquire a 75% interest in Liberty Aerospace, US manufacturer of the XL-2 piston single. KFH's stake in the Melbourne, Florida-based company will consist of 72.5% in shares and 2.5% in cash. The remaining 25% will stay in the hands of existing Liberty shareholders. Tony Tiarks, Liberty president and co-founder, says the company has been seeking a suitable investor for several months. Tiarks says Liberty is actively pursuing training and surveillance markets and cites the Middle East, South- East Asia and Asia Pacific.
Source: Flight International