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).
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