Paramount Aerospace Industries acquires ADC and its subsidiaries

Paramount Aerospace Industries (PAI) acquired the Aerospace Development Corporation (ADC) and its subsidiaries through the business rescue process. PAI has ramped up manufacturing of the AHRLAC aircraft at the Wonderboom Airport factory.

“Paramount Aerospace Industries Proprietary Limited ("Paramount Aerospace Industries"), part of the Paramount Aerospace and Technology Group, announced today that the Business Rescue Plans of the Aerospace Development Corporation Proprietary Limited (ADC), the manufacturer of the AHRLAC aircraft and ”paramountgroup.com

• 3 sources
• paramountgroup.comFuture of AHRLAC secured as Business Rescue nears completionAug 18, 2020
• engineeringnews.co.zaParamount advances production of Ahrlac aircraftMarleny ArnoldiAug 18, 2020
• metalworkingnews.infoFuture of AHRLAC secured as business rescue nears completion | Metalworking NewsSep 4, 2020

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