Mon, Dec 05, 2005
Hoping For Major Capital Infusion This Month
Tiger Aircraft has
confirmed to ANN that eight staffers were given pink-slips last
Friday. Despite what Tiger Boss Gene Criss described as a "pretty
solid" order book, nearly a third of the current staff was laid off
while the company awaits what is expected to be a major capital
infusion later this month. This new financing prgram may also
establish the unnamed party as a possible new majority partner
in the company.
Despite the negative tone of the announcement, Criss sounds
upbeat about the future of the company. "The G1000 Tigers are
selling well and new dealers are placing a number of orders... Our
order book has rarely looked better."
Criss describes the current move as a cash conservation issue,
in preparation for the aforementioned capital infusion.
Construction continues unabated on the current product line with
the 20 staffers now left at the company.
Tiger announced the certification of the G1000-equipped tiger at
Oshkosh 2005. The twin-screen system features 10.4-inch glass
displays for the PFD and MFD, both of which include 1024 x 768
resolution and wide-angle viewing, even in bright sunlight.
Covering the navigation functions, the system is WAAS-capable; it
contains IFR GPS; and it has VHF/ILS with VHF output of 16
watts.
There is a built-in attitude and heading reference system
(AHRS), traffic information service (TIS), and terrain proximity
alerting and a Mode S transponder. Crisp digital audio comes
courtesy of the GIA 63 dual integrated radio system that runs
through the GMA 1347 digital audio control panel.
The upgraded Tiger, featuring the G1000 panel, carries a price
of $274,500.
More News
Also: B-29 Superfortress Reunion, FAA Wants Controllers, Spirit Airlines Pulls Back, Gogo Galileo Van's Aircraft posted a short video recapping the goings-on around their reorganiz>[...]
Light Gun A handheld directional light signaling device which emits a brilliant narrow beam of white, green, or red light as selected by the tower controller. The color and type of>[...]
"The journey to this achievement started nearly a decade ago when a freshly commissioned Gentry, driven by a fascination with new technologies and a desire to contribute significan>[...]
"Our driven and innovative team of military and civilian Airmen delivers combat power daily, ensuring our nation is ready today and tomorrow." Source: General Duke Richardson, AFMC>[...]
Aircraft Conflict Predicted conflict, within EDST of two aircraft, or between aircraft and airspace. A Red alert is used for conflicts when the predicted minimum separation is 5 na>[...]