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Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Sun, Dec 30, 2007

ANN's 'Heroes And Heartbreakers' of 2007: Club Columbia (#5)

All Hail The Aero-Heroes of 2007!

It is both the most "fun," and most difficult, task facing the ANN staff at the end of every year -- determining who, or what, did the most to promote the cause of aviation in the past 365 days... while also chastising those people or entities that did all they could to undermine the many successes the aviation/aerospace community has managed to accomplish.

Thankfully, 2007 was a year in which we saw the best and brightest among us step forward and work tirelessly on behalf of us all. No doubt about it... the challenges we faced in 2007 were numerous, and ongoing... so was the quality of expertise and passion brought to our defense by those who heroically demonstrated to the world the very best side of aviation... via their deeds, words and actions.

It is ANN's honor to recognize a solid dozen of our Aero-Heroes for 2007... in something of an informal order, starting from 12th to the 1st. Let us know what you think of our selections... whom YOU would have liked be included or omitted from such a list. In the meantime, we thank the folks who made this year's list. Thank you, folks... we really needed you this year, and you didn't let us down.

From the Hero's List #5: Club Columbia 

2007 was a pivotal year for the owners and fans of Columbia (once known as Lancair) Aircraft, and an almost tragic one, at that. Poor management and financial mistakes by Columbia Aircraft's Malaysian owners turned a potentially prosperous company into the disaster of the year. Despite the fact that the company was selling all the planes it could build, not nearly enough effort was put into making the company and its products the success that few doubted it could (eventually) be... and then the bottom fell out from under them.

Columbia went "Tango-Uniform" over the summer, filed for bankruptcy (despite offers on the table and buyers in the wings), and started a feeding frenzy over who might or might not feast on the bones of the once-speedy plane builder. In all the hub-bub and high finance, the hundreds of orphaned aircraft owners realized that they stood to lose the most of any entity... and that when you added up their collective investments and what was owed them for things that were yet to be delivered, as well as the potential loss in value over the company's failure, that they (collectively) stood to lose more than anyone... even Garmin (which got toasted for tens of millions of dollars).

Rather than sit back, and bitch and moan, they banded together. Several members of Club Columbia took the initiative and organized with a vengeance. They took on the proper legal talent (some of whom came from within their own membership), pursued the necessary info/background and resources to improve their position, and not only communicated it amongst themselves with great frequency, but later found a way to make their concerns known to all those who were bidding on Columbia's assets.

Everyone with a possible stake in the outcome of this bankruptcy soon became aware that they they needed to consult with Club Columbia in order to cover all their bases. The plan, the organization and the overall communications were exceedingly well-done and proof positive that GA DOES know how to band together when the chips are down. Now, if we could only apply that kind of expertise and organization to a number of other problems that we face, THEN we'd be on to something!

Bravo to Club Columbia... on a job (exceedingly) well done!

FMI: www.clubcolumbia.org

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