Safire Aircraft Company has entered into a restructuring activity in order to focus on the completion and development of the Safire Jet prototype and to resume aircraft sales. Five members of staff have been assigned to the sales team, including chairman Miguel Correa and company founder Michael Margaritoff, who has been appointed vp of sales.

The company’s six-place twin-turbofan Safire Jet, priced at $1.395 million, is scheduled to make its first flight this year, with deliveries beginning in 2006.