After 35 years of ownership, Revo is again offering for sale the assets of Lake Aircraft, which owns the rights to the only FAA-certified single-engine amphibious airplane produced in the world. The offering includes all of the intellectual property and equipment needed to manufacture the Lake Renegade, Seafury and Seawolf.
Archedyne Aerospace of Merritt Island, Fla., is still pursuing Lake Aircraft and Armand Rivard for a $1.4 million judgment, which Rivard has appealed, and development of the Archedyne NauticAir 450 has been on hold for three years during the legal wrangling, but now a group of five “advisors” has added the amphibian business jet to its proposed line of amphibian airplanes that includes designs seating 110, 210, 364 and 530 passengers.
The long-simmering lawsuit between Archedyne Aerospace and Lake Aircraft reached a resolution of sorts on June 21 when the jury in the Ninth Judicial Court of Osceola County, Fla., sided with Archedyne, finding Lake Aircraft owner Armand Rivard guilty of several fraud counts. The court awarded Dr.
Nothing has yet been resolved in the suit pitting Archedyne Aerospace against Armand Rivard, president of Lake Aircraft, and investment banker George Wight. Archedyne, developer of the NauticAir 450 amphibious twinjet, is seeking the return of a $500,000 purchase deposit it claims it paid Lake Aircraft in June 1999. Most recently, the sides attempted mediation on September 21.