’s Flight Services business has come to an agreement with Schiebel Aircraft GmbH to settle outstanding payables in a non-cash transaction where Schiebel buys back one CAMCOPTER asset (Air Vehicle plus spare-parts).
The delivery of the equipment will be executed in Q1 2024. The value of the transaction is EUR 927,000 and will result in a net loss from sale of assets of approximately EUR 700,000.
The transaction underpins Nordic Unmanned’s efforts to work with its suppliers as partners, and supports Nordic Unmanned’s ongoing efforts to lighten the balance sheet and optimise the fleet for Flight Services. It remains a key goal to sell inventory unless idle equipment can be contracted and utilized in order to improve return on assets and strengthen the liquidity position.
After this transaction, Nordic Unmanned will have a fleet of 3 CAMCOPTER systems which includes 4 Air Vehicles.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Source: Placera