Emivest Aerospace assets sold to Utah company

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Emivest Aerospace, owners of the SJ-30 executive jet has been sold

Emivest Aerospace (formerly Sino Swearingen) has sold its business jet
assets to a group linked to Metalcraft Technologies of Utah. In the San Antonio
bankruptcy court recently the group was allowed to purchase the assets, mainly the
SJ-30 executive jet and materials held at two locations for a total of
US$5.19m, US3.5m in cash and US1.69m debt relating to an aircraft that was
being completed as Emivest declared bankruptcy in October last year.

Metalcraft Technologies based in Cedar
City, Utah
manufactured the tail section of the SJ30 jet and it is not known if the group
will restart production of the aircraft.

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