Thu, May 22, 2003
Apex Aircraft, manufacturer of Cap and Robin
aircraft, has presented its reorganization plan to the Court in
Dijon, France, on May 20.
The Court has received it favorably and has granted the
requested extension of the probation period in order to present the
vendors with the proposed payment plan. Vendors can expect full
payment over an extended period. Court supervision is expected to
end by the beginning of July.
The probation period has allowed completion of
production improvements, downsizing to adjust for present market
conditions and implementation of lean management techniques. Core
expertise has been carefully maintained throughout the
The plan includes investment in product development such as FAA
validation of the french approvals of the Cap 10 C major
modification and the type certificate of the Robin DR500, and
German LBA approval of the Thielert diesel installation in the
Robin range. The Cap 222 program continues as dedicated financing
Apex will be at Oshkosh in July (booth # 220, 221, and 222).
Also: Holland Wants Gold, FAA Strangling UAVs?, RAF WWII Trainer For Sale, Bf109s Live, Georgia v Aerospace Engineers The Aircraft Electronics Association has released its third-qu>[...]
“The NASA Student Launch – now in its 15th year – has engaged hundreds of students and educators in real-world scenarios that solve complex engineering challenges>[...]
Airborne Communications Are One Of The Strengths Of Business Aviation At NBAA2014 ANN CEO and Editor-In-Chief, Jim Campbell, checked in on the world of airborne communication. Ther>[...]
"Reaching this stage that we call ATLO is a critical milestone. This is a very satisfying point of the mission as we transition from many teams working on their individual elements>[...]
Reportedly Purchased Through 'Dealers' Despite Embargo An Iranian company has acquired four Robinson R44 helicopters despite international trade sanctions against that country due >[...]