CAV Aerostructures Division Sold

26th March 2015

Celtic Aerospace Ventures, Limited (CAVL), the parent company of CAV Ice Protection, makers of the popular TKS® Airborne Ice Protection System used in general aviation, business and military aircraft around the world, announced today the sale of its Aerostructures division to Better Capital LLP of London, England.

CAVL company representatives confirmed that the sale was part of business activities unrelated to the Ice Protection division and would have no material effect on that business or any other CAVL subsidiary.

“The CAV Aerospace group is one of the most successful diversified aerospace manufacturing and technology companies in the world.”, said Owen McFarlane, CAVL Group CEO. “Our Aerostructures division achieved its development goals and we are equally focused on achieving the same success in our other business units. Ice Protection is similarly on track and we are excited to be announcing some significant new products and services very soon.”

CAVL has requested that any inquiries related to this transaction be directed to Better Capital LLP.