AVTECH applies for an extension of its ongoing reorganization
On May 27, 2013 AVTECH Sweden AB (publ) applied for and was granted reorganization by the Attunda district court. Reorganization was approved for an orderly initial three month period, i.e. until August 27, 2013.
To be able to conclude ongoing activities to implement a long term financing solution AVTECH has today applied for an extension of the reorganization for a new orderly three month period. Ongoing activities are expected to be concluded in the beginning of the fourth quarter 2013, which is also when the reorganization is expected to be closed.
For more information, please contact
Christer Staaf, CEO, +46 (0) 8 544 104 80
Jonas Saric, CFO, +46 (0) 8 544 104 80
About AVTECH Sweden AB (publ)
AVTECH develops products and services for digital Air Traffic Management (ATM). Its customers include the global aviation industry; e.g. airlines, airports, aviation authorities, technology companies and airline manufacturers. By using AVTECH’s products and services, each individual flight as well as the entire airline operation can be optimized in terms of cost, noise and emission, efficiency, punctuality and safety. The head office is in Stockholm, Sweden with subsidiaries in Toulouse, France and Dubai, U.A.E. AVTECH Sweden AB is listed on NASDAQ OMX First North and has appointed Mangold Fondkommission AB as Certified Adviser.