Friday, October 20, 2017

Redmond, Deschutes County, Oregon: Kit Plane Maker Seeks Buyer



REDMOND, OR -- A Redmond-based kit-plane maker is looking for a buyer. Previous reports that Evolution Aircraft had closed were incorrect, according to CFO Randy Akacich. Evolution Aircraft was created when LancAir restructured its assets in 2016. 

According to reports by the Aircraft Owners and Pilots Association (AOPA), a skeletal staff is assembling kits already on the line, but the future of the company is unknown. Aviation experts told AOPA the company's trouble traced back to a fatal crash in Arizona in July. AOPA reports the company couldn't acquire liability insurance to continue operations, and owners had received letters warning of an impending closure; although, no letter was produced. In the last 22 months, there were at least five accidents involving Evolution Aircraft. 

However, CFO Akacich spoke with KBND News Friday afternoon and said the company is actively looking for a buyer. Evolution Aircraft's main office on SE Timber Ave. in Redmond is open and staff were at work. In a written statement, Akacich says, "Evolution Aircraft has right-sized its staffing to meet its current customer commitments and is actively pursuing new investment." He provided no timeline for a potential sale. 

Just two weeks ago, Evolution Aircraft was featured on the "Made In Redmond" Tour, hosted by Redmond Economic Development, Inc. At that time, REDI's Jon Stark told KBND News, "We heard from the composites and the aviation industry that they wanted to expose the community to the skill sets and the industry here in Central Oregon," in an effort to grow the local sector. 

Original article can be found here ➤ http://kbnd.com

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