While the 60th EAA AirVenture didn’t disappoint in the normal arenas of kitbuilt aircraft, workshops, new light sport aircraft, ultralights, warbirds, stirring airshow aerobatics, a performance by the Steve Miller Band, outdoor movies, bratwurst roasting on the grill, 200 Piper Cubs, heat and thunderstorms and more, there were signs that this show is changing.
Bend, Ore.-based Epic Aircraft, maker of the Epic LT turboprop single kitplane, was acquired on Tuesday by Engineering llc, a Russian maintenance, repair and overhaul firm. Terms of the deal were not disclosed.
Epic Aircraft CEO Douglas King, who remains with the company in this same position, said it is “exciting to be a part of Epic Aircraft’s next chapter.” This next step is FAA certification, and the acquisition will give Epic enough funding to work on a certified version of the six-place turboprop. According to Epic, it will take about three years to certify the airplane.
Growing up, James Bond movies were my favorites, and high among them was The Man With the Golden Gun. I don’t remember when I first saw it, but what stuck most in my impressionable young mind was a car. No, not one of Bond’s tricked-out sports cars with ejection seats or retractable machine guns, but a rather unlikely object of male desire, an AMC Matador.
Scott Beale, former president, founder and co-owner of FlightWorks, has acquired Waterford, Mich.-based Aerodynamics (ADI) and its subsidiary ADI Shuttle Group. The terms of the acquisition were not disclosed. ADI, which is located on Oakland County International Airport, is a flight and maintenance repair firm that operates under Parts 121, 125, 135 and 145.
The Big Frog racer is getting attention for more than just its tongue-in-cheek patriotic name. The French aircraft is the first carbon-fiber race plane to run on a diesel engine powered purely by jet-A fuel. And it is turning heads here at the Le Bourget show.
Terrafugia is planning to build its new aircraft/auto hybrid, the Transition, in a new facility in Woburn, Mass. The company has said it is setting up for low-volume production of the roadable light sport aircraft as early as late 2011. Earlier this year, the company got approval from the FAA to increase the vehicle’s maximum takeoff weight by 110 pounds over the 1,320-pound maximum takeoff weight for light sport aircraft.
Doug King, CEO of the LT Builders Group, yesterday at EAA AirVenture said that kits for the $1.9 million (complete) single-engine turboprop LT are back in production at the former Epic factory in Bend, Ore. Epic filed for bankruptcy last year and was liquidated. The LT Builders Group subsequently acquired exclusive rights for the former Epic kitplane designs in North America and the U.S. territories.
Alan Klapmeier, the former chairman of Cirrus and new CEO of Kestrel Aircraft, told AIN yesterday at EAA AirVenture that the company still needs to raise additional funds to certify its six- to eight-seat, 350-knot single-engine turboprop, but was confident it would succeed.
A bankruptcy judge on April 12 approved an asset purchase agreement between China Aviation Industry General Aircraft (CAIGA, also known as AVIC General Aviation) and the bankruptcy trustee of Epic Air. CAIGA’s bid of $4.3 million
Piper Aircraft’s entrant into the Light Sport Aviation (LSA) segment, the two-seat PiperSport, is parked in the static display here, its first venture outside of the U.S. in Piper colors. The U.S. manufacturer, which is making its Singapore Airshow debut, launched the aircraft last month.