 On April 7, 2011, a judge approved sale of Emivest assets to MT, LLC of Utah, an ownership group affiliated with Metalcraft Technologies, Inc. of Cedar City, Utah, a parts supplier for the SJ30.According to a news article, Emivest vice president Mark Fairchild stated that according to his understanding, MT, LC planned to maintain Emivest as a jet manufacturer, though he didn't know any details.On June 15, 2011, MT, LC, the Cedar City, Utah-based company that purchased the assets of Emivest out of bankruptcy announced that the new company name would be SyberJet Aircraft.