To clarify how Grob Aerospace GmbH’s insolvency will affect ExecuJet, Niall Olver, CEO of ExecuJet and Grob, released a statement. According to the statement, it is acknowledged that a close working association between Grob and ExecuJet does exist, the companies are separate entities and thus the insolvency of Grob has no direct bearing on ExecuJet.