The story
Max Holste, the company founder, built his first aircraft in 1931, a light two-seater aircraft called the SHB1. In 1946, he started his own aircraft company, Avions Max Holste, in downtown Reims. In the 1950s, two new models were designed: the MH.1521 Broussard in 1950 and the MH.260 Super Broussard in 1959. In 1960, a cooperative agreement was signed with Cessna to produce light aircraft for the European market. The company was officially born as Reims Aviation in 1962, mainly producing the FR172 Reims Rocket, a more powerful version of the Cessna 172. In 1989, Reims Aviation bought back all the shares held by Cessna and became a private French aircraft manufacturer. Production of the single-engined airplanes was halted, and only the F406 remained in production.
The company entered receivership on 10 September 2013. On 25 March 2014, the Commercial Court of Reims approved the transfer of the Company's aircraft maintenance, cabin management, integration and installation systems assets to ASI Innovation and the transfer of its F406 assets to Continental Motors, Inc. With the disposition of the company's assets, its parent company, GECI Aviation, was also liquidated on 17 April 2014. Continental has indicated that it plans to continue the production of the F406 in Mobile, Alabama.
From Wikipedia’s article on Reims Aviation, shared under CC BY-SA 4.0.3