Roger Lee Posted December 12, 2023 Report Share Posted December 12, 2023 https://skiesmag.com/news/vans-aircraft-files-chapter-11-outlines-reorganization-plans/#:~:text=Van's Aircraft%2C a U.S.-based,has faced in recent years. Quote Link to comment Share on other sites More sharing options...
FlyingMonkey Posted December 12, 2023 Report Share Posted December 12, 2023 Ugh, that sucks. Quote Link to comment Share on other sites More sharing options...
Madhatter Posted December 12, 2023 Report Share Posted December 12, 2023 Aviation is a tough business these days, lawyers, regulations, insurance, etc. Look at the aircraft on your ramp tie-downs, 90% are from the 60's and 70's most with dated avionics. Who would want to be in this business today at least in this country with the FAA we have today. I used to be in it and wouldn't even consider it today, I have friends in it and the stress is horrible not to mention health issues that arise from it. Quote Link to comment Share on other sites More sharing options...
shiny.ice Posted December 12, 2023 Report Share Posted December 12, 2023 Reorganization. Dick has loaned them a lot of money, he’s loaning another $6mm their way right now. Fingers crossed. The turnaround specialist has a ton of experience. Glad they are raising kit prices, it doesn’t help that their prices were so far out of date. Been following the court filings. Quote Link to comment Share on other sites More sharing options...
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