Suppliers lost faith in Saab
July 22, 2011 in News
In several articles in Swedish media today, the CEO for the european supplier organization, Lars Holmqvist, states that even if Vladimir Antonov would be let in to Saab, he would not have enough money to restart operations.
– We’re talking about very large amounts. The EIB will never allow Vladimir to become a part-owner so he would need to find funds to pay off the loan and all the suppliers. We’re talking about sums of more than 4-5 billion SEK. This he states to P4 West.
– I’m sorry to say but we see the end of Saab. They have survived for a long time by short term solutions where they have managed to trick the suppliers to deliver parts without being able to pay for them.