SyberJet Aircraft
[1] In April 2011 the assets of Emivest Aerospace were purchased by MT, a LLC of Cedar City, Utah, and the company began doing business as SyberJet Aircraft.
These modification programs included the Excalibur 800 conversion of the Beechcraft Twin Bonanza, (because the combined output of its two Lycoming IO-720 engines was 800 horsepower); airframe improvements included modifying the cabin to allow entry via an airstair instead of over the RH wing to a door, and landing gear doors that fully enclosed the wheels when retracted.
By this time the company was in financial difficulties and lacked the resources to proceed further, so the Metro did not enter production until Swearingen Aircraft was taken over by Fairchild in 1972.
[6] In 1973 Ed Swearingen formed a new company and went back to modifying aircraft, developing a new version of the Lockheed Jetstar on behalf of the manufacturer and Garrett.
The Dubai-based company became the majority shareholder in Sino Swearingen, with the Taiwanese government and private investors such as Action Aviation taking minority stakes.
A 17 September 2008 press release stated that the Dubai investors would provide additional funding of up to $1 billion to help it design and develop its second aircraft model.
Approval of this request allowed the SJ30 program to exceed the 12,500 lbs takeoff weight limit of Part 23 and paved the way for other companies to follow the SJ30 lead.
With all of it trials and tribulations, the SJ30 program showed why it is so difficult to build a company and develop and certify an aircraft at the same time, thus demonstrating why no one else had done it since Learjet.
The original SJ30-1 prototype was on display at the Lone Star Flight Museum in Galveston, Texas when it was flooded by Hurricane Ike.
In 2006, the National Aeronautic Association awarded Sino Swearingen Aircraft Corporation's SJ30 the FAI Honorary Group Diploma.
The Dubai-based company became the majority shareholder in Sino Swearingen, with the Taiwanese government and private investors taking minority stakes.
SyberJet announced [citation needed] a final assembly location during press ceremonies in Cedar City, Utah.
The Utah Governor’s Office of Economic Development Board of Directors and elected officials from Iron County and Cedar City have approved financial incentives for MSC Aerospace and its subsidiaries SyberJet Aircraft and Metalcraft Technologies (MTI) totaling almost $45 million.
MTI and SJA will use these incentives to expand their manufacturing facilities in Cedar City, Utah in support of the production of the SJ30 business jet.
