Epic Aircraft

February 6, 2007 - 3:50am

The stock market is on the upswing, initial public offerings were up this year for the first time since 2000 and the business aviation industry is recovering, but finding investment capital continues to be the biggest obstacle for companies hoping to bring new turbine business airplanes to the market. And for good reason–the last start-up company to build, certify and deliver a business jet was Learjet in 1964.

January 31, 2007 - 6:46am

Bend, Ore.-based Air Investor Resources (AIR)–the parent company of Epic Aircraft, which is currently flight-testing its Epic LT turboprop single–is now teaming with Tbilisi Aerospace Manufacturing (TAM) of Tbilisi, Republic of Georgia, to produce a $1.9 million very light jet (VLJ), dubbed the Tam-Air Epic Jet. The six-seat jet, which shares about 80-percent commonality with its composite turboprop-single

January 10, 2007 - 8:20am

A two-year-old, previously undisclosed partnership between Epic Aircraft parent Aircraft Investor Resources (AIR) and Farnborough Aircraft Corp. Ltd. (FACL) has ended in legal action. The companies had been cooperating in the joint development of their respective Epic LT and Kestrel JP100 (formerly Farnborough F1) turboprop-single designs.

January 10, 2007 - 5:13am

Last week, a federal judge ruled that Epic Aircraft parent Aircraft Investor Resources (AIR) must provide Farnborough Aircraft Corp. Ltd. (FACL) “with immediate access to the F1 prototype at the heart” of a lawsuit filed in November (see AINonline). Under the judgment, AIR was required to transport the prototype F1 to its Bend, Ore. plant, after which it will have until early March to mate a set of wings to FACL’s turboprop single.

December 7, 2006 - 9:43am

Tbilisi Aircraft Manufacturing (TAM) has concluded an agreement with Oregon-based Epic Aircraft to license-build the Epic Jet and market it in East Europe.  The all carbon fiber aircraft powered by two Williams FJ33 engines is scheduled to begin flight trials in the first quarter of next year, leading to certification in mid-2007.

November 13, 2006 - 5:40am

Epic Aircraft parent Aircraft Investor Resources (AIR) last week changed the name of the certifiable version of its Epic LT turboprop single to the Dynasty. AIR also said it is now taking deposits on the $1.9 million, all-composite airplane. The Dynasty is slated to start flight tests this fall in Calgary, Alberta, as part of a previously announced Canadian aircraft certification program.

October 2, 2006 - 10:38am

Epic Aircraft parent company Aircraft Investor Resources (AIR) and Republic of Georgia-based Tbilisi Aviation Machine (TAM) in late July further cemented a joint venture announced last fall to build a $2 million very light jet (VLJ). Under the partnership, Epic Aircraft and TAM will co-produce the twinjet–Epic at its new 90,000-sq-ft Bend, Ore. facility and TAM at a plant in Tbilisi.

September 25, 2006 - 12:26pm

Epic Aircraft parent Aircraft Investor Resources in December said it had resolved a row with the FAA over the status of kit-built Epic LT turboprop singles. The FAA has “determined the kit…meets the intent of FAR 21.121(g),” otherwise known as the 51-percent rule, which requires kit builders to construct a majority of their airplane.

September 25, 2006 - 6:44am

A two-year-old, previously undisclosed partnership between Epic Aircraft parent Aircraft Investor Resources (AIR) and Farnborough Aircraft Corp. Ltd. (FACL) has ended in legal action and bitter recriminations. The companies had been cooperating in the joint development of their respective Epic LT and Farnborough F1 turboprop-single designs.

 
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