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Category Archive: News
May 03 2019
Operations Summary – Week of 4/29/19
Feb 26 2019
C7 Effectively Shut Down by Government Investigation
Earlier today a raid by government authorities at the company headquarters in Kravass rounded up the entire executive division of C7 Aerospace, leaving the company without leadership. The entirety of the company’s financial assets have also been secured and frozen. All employees have been furloughed without pay and told they must remain available for investigators. This was all revealed at a press conference held just recently outside the C7 corporate headquarters. What wasn’t mentioned is why the government is taking such a strong-armed approach against a privately-owned company, which sets a potentially disturbing precedent. We are pleased at least that the top executives weren’t spirited away in the midst of the night or something equally as sinister, but are still left slightly worried given the fact that we are also a privately-owned company and we are close working partners with C7 Aerospace. As of yet, no mention has been made of the KSA and no government agents showed up at KSC today – C7 employees here at the Cape simply received notification of their status shortly after the press conference concluded.