Columbia Owners To Band Together For Bankruptcy Representation | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.24.15

Airborne 08.25.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.21.15

Airborne Hi-Def On YouTube

Airborne 08.24.15

Airborne 08.25.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.21.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

Mon, Oct 01, 2007

Columbia Owners To Band Together For Bankruptcy Representation

The president of the "Club Columbia" aircraft owner's group, Chuck Yanke, has sent a messaage to affected parties seeking help in organizing an effort to make sure that their interests are represented in the upcoming Chapter 11 bankruptcy actions involving Columbia Aircraft.

(Disclosure Statement: in which Aero-News is also a creditor... and got burned for a pretty hefty amount of cash... ouch).

Yanke states that, "By now most of you have learned that CAM has declared bankruptcy, Chapter 11, and Cessna has an offer to buy CAM. This is not a done deal, there will be an auction in November were anyone can bid. Currently our members have approximately $10 million dollars of products that they have paid for and not received. This does not include your 3 or 5 year warranty provide by CAM. We as a group are one of the larger unsecured creditors. No one on the bankruptcy court is looking out for the owners interests. Individually we will have no standing in the court but together we have a fighting chance. The club is blessed with excellent members in the legal profession and we believe the club can make a difference and help protect your airplane. The club has spoken with Jack Pelton, CEO of Cessna and he supports our position."

Yanke adds that, "To protect the future value of your plane, your warranty and all the items that you have paid for and not yet received, we need legal representation. The club has no money, we only have your $50/year membership fees. We need to raise $15-20,000 immediately If every member will contribute $300 we can make it happen. This is a small investment to protect your $500,000+ asset."

FMI: http://www.lancairpilots.org/payments.php, Club Columbia Legal Fund, % Richard Page, 1508 Byron Nelson Pkwy, Southlake TX 76092.

Advertisement

More News

Airborne 08.26.15: New U-2?, Carter PAV Update, AK TFR Concerns

Also: Skydive Mid-Air, Classic Aero-TV, United Airlines, Forest Service Policy v Helicopters, WestJet Pilots' Association, NASA Drops Plane, Flightnow in Court Is it possible that >[...]

AD: Airbus Helicopters

AD NUMBER: 2015-17-11 PRODUCT: Airbus Helicopters Model AS350B, AS350BA, AS350B1, AS350B2, AS350B3, AS350C, AS350D, AS350D1, AS355E, AS355F, AS355F1, AS355F2, AS355N, AS355NP, EC13>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2015-17-05 PRODUCT: Certain Bombardier, Inc. Model BD-700-1A10 and BD-700-1A11 airplanes.>[...]

ANN's Daily Aero-Linx (08.27.15)

The Ejection Site The goal is to educate and entertain people of all interests with details on one of the most interesting fields of engineering.>[...]

ANN's Daily Aero-Term (08.27.15): Heading Hold

This describes a type of Gyro which senses rotation, and maintains direction. This is accomplished by sensing the rate of motion, and the time of motion, then compensating for the >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC