Bust-up delays revolutionary SA aircraft
Bitter fallout between arms firm Paramount and engineering entrepreneur leads to business rescue of aircraft firm
23 July 2020 - 05:00
The vision of an ambitious entrepreneur to build a light reconnaissance aircraft capable of being deployed around the world has come to a bitter end after a falling out with his business partner, the Paramount Group.
Paul Potgieter, his father Paul Potgieter snr and Paramount, run by Ivor Ichikowitz, were co- shareholders in Aerospace Development Corp (ADC), the company launched by the Potgieters to build the aircraft...
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