SAI filed for protection from creditors under the Canadian "Companies' Creditors Arrangement Act" in June 2006. At that time the company stated that it needed an investment of US$5.5M to continue production. The company was not able to secure the capital in Canada and indicated at that time that it might have to relocate production to attract financing from other sources. CEO Paul Costanzo indicated that factors involved in this situation included the dramatic fall in value of the US dollar against the Canadian dollar between 2003–2006, start-up and product improvement costs that were greater than expected and especially a venture capital environment in the Province of Quebec that Costanzo described as "dismal". He stated at the time, "We have simply been unable to attract sufficient capital to allow us to effectively exploit the obvious opportunity that we have with the SA-160, let alone fund our planned development of a diesel two-place and a four-place product." He indicated then that the company was focusing on certification of the SA-160's glass cockpit installation along with product cost reduction measures.