Australian Aerospace Company Needs Capital, Looks For Sale Or Long-Term Owner TurbAero Group Pty Ltd., a developer of next-generation turboprop engines for the sub-400 horsepower manned- and unmanned-aircraft market, has commenced a structured sales process to explore the potential sale of the business to a strategic buyer or long-term owner. While the company has established a strong technical and commercial foundation, the company’s board recognizes that the next phase of development – including prototyping, certification and production – requires sustained access to capital and industrial-scale execution capability.
