23 Apr 2024, 09:11 [ UTC - 5; DST ]
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Post subject: Re: Lancair ceasing operations Posted: 20 Oct 2017, 09:31 |
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Joined: 04/28/12 Posts: 4734 Post Likes: +3287 Location: Kansas City, MO (KMKC)
Aircraft: 1954 Twin Bonanza
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https://www.aopa.org/news-and-media/all ... -shutteredFound this part interesting: Quote: Evolution aircraft owners and aviation industry personnel pointed to a July 17 fatal crash in Mesa, Arizona, which killed two people, as the beginning of the firm’s downfall. As a result of that accident and subsequent lawsuit, the company has apparently been unable to acquire liability insurance for continued operations, according to persons with knowledge of the situation. In the last 22 months, there were at least five accidents involving Evolution aircraft that involved hull losses, including one in which a windscreen “exploded” in cruise flight “instantaneously without any pre-indication,” according to an NTSB report.
Evolution aircraft owners shared concerns about maintaining their own insurance in the wake of the somewhat high number of accidents on the relatively small fleet of aircraft.
_________________ CFII/MEI
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Post subject: Re: Lancair ceasing operations Posted: 20 Oct 2017, 10:09 |
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Joined: 01/31/10 Posts: 13101 Post Likes: +6970
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Oh no! That's a huge blow for evolution owners and builders.
Experimental planes should be exempt from this type of legal threat.
I wonder if we'll see innovative companies relocate from the US to avoid this ridiculous legal risk.
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Post subject: Re: Lancair ceasing operations Posted: 20 Oct 2017, 10:12 |
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Joined: 11/08/12 Posts: 12799 Post Likes: +5226 Location: Jackson, MS (KHKS)
Aircraft: 1961 Cessna 172
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Username Protected wrote: Oh no! That's a huge blow for evolution owners and builders.
I'm gonna guess death blow. 5/90 hulls lost in two years... maybe this is the free market at work.
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Post subject: Re: Lancair ceasing operations Posted: 20 Oct 2017, 11:25 |
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Joined: 09/16/10 Posts: 40 Post Likes: +27
Aircraft: A36
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I may be wrong but wasn't there litigation brought up against Vans Aircraft recently? They were found not libel due to the plane being an experimental homebuilt. That would definitely set a precedent. No lawyer would pursue this on a contingency basis after that. There may be another reason for Evolutions closure.
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Post subject: Re: Lancair ceasing operations Posted: 20 Oct 2017, 12:01 |
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Joined: 12/16/09 Posts: 364 Post Likes: +157 Location: Snohomish, WA
Aircraft: PA-27 Turbo
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looks like slip and fall lawyers got another one.
sad state.
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Post subject: Re: Lancair ceasing operations Posted: 20 Oct 2017, 15:15 |
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Joined: 08/03/08 Posts: 16187 Post Likes: +8797 Location: 2W5
Aircraft: A36
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Username Protected wrote: I may be wrong but wasn't there litigation brought up against Vans Aircraft recently? They were found not libel due to the plane being an experimental homebuilt. That would definitely set a precedent. No lawyer would pursue this on a contingency basis after that. There may be another reason for Evolutions closure. I think there is a difference in liability between a kit seller and a manufacturer of essentially completed 6 seat turbine aircraft. The 'amateur built' designation of aircraft like the Epic and the Evolution is purely fictional.
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Post subject: Re: Lancair ceasing operations Posted: 20 Oct 2017, 19:13 |
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Joined: 10/29/15 Posts: 44 Post Likes: +20
Aircraft: PA-28r
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Refresh my memory, did lancair rename itself and sell off the piston line, or did they sell the evolution side of the company and keep the piston line?
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Post subject: Re: Lancair ceasing operations Posted: 20 Oct 2017, 19:29 |
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Joined: 08/03/08 Posts: 16187 Post Likes: +8797 Location: 2W5
Aircraft: A36
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Username Protected wrote: Making airplanes is a tough business. I was in Duluth last weekend and there was a news story about Kestrel Aviation not making any payments on their city economic development loan for a year. They were supposed to have 600 jobs by now and they only have25 employees. During the economic crisis, cirrus didn't pay rent on their facility in Grand Forks for several years. When business picked up, the EDC settled with them for a fraction of the back rent.
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Post subject: Re: Lancair ceasing operations Posted: 20 Oct 2017, 23:12 |
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Joined: 08/14/13 Posts: 6074 Post Likes: +4651
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Username Protected wrote: Refresh my memory, did lancair rename itself and sell off the piston line, or did they sell the evolution side of the company and keep the piston line? Correct, this thread sucks
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Post subject: Re: Lancair ceasing operations Posted: 21 Oct 2017, 00:13 |
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Joined: 02/27/08 Posts: 3177 Post Likes: +1262 Location: Galveston, TX
Aircraft: Malibu PA46-310P
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Username Protected wrote: Refresh my memory, did lancair rename itself and sell off the piston line, or did they sell the evolution side of the company and keep the piston line? Correct, this thread sucks
What is correct?
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