Excel-Jet, which has been working to develop its single-engine Sport-Jet in Colorado Springs, Colo., since 2002, announced on Monday that it will be moving to Guthrie, Okla., in a deal that will pump up to $5 million in financing into the company. "We've completed negotiations and Excel-Jet will be relocating its facility to Guthrie within 90 to 120 days," said company President and designer Bob Bornhofen in a news release on Tuesday. The money was put together from local and state sources by the Guthrie Industrial Development Authority. It will be enough to bring the Sport-Jet well into the flight-test phase and start certification work next year.
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