Before you clicked to ByDanJohnson.com, you may have been reading EAA’s Sport Pilot magazine. If your copy was the December 2009 issue, it the final edition of the magazine that started with the Sport Pilot movement. *** EAA surveyed to ask what members wanted from their publications. The organization dutifully recorded all responses and chose to make a dramatic decision. They elected to stop Sport Pilot and merge the LSA title’s most popular content into their flagship rag. *** At the same time, EAA started “Light Plane World,” an eNewsletter (also online) with info about ultralights and LSA. Edited by longtime Part 103 enthusiast Dan Grunloh, LPW is intended to provide more detailed info on ultralights and light planes than space will permit in Sport Aviation. You can sign up here to get LPW… or any other EAA eNewletter. *** As this chapter closes for EAA, I wish to bring special attention to a 25-year veteran EAA editor who was one of handful nurturing the light end of EAA’s aviation activities.
Archives for December 2009
Questions Erupt for Remos; New Investment Heralded
Along with others in the LSA world, my email inbox has been overflowing with questions and comments about Remos filing a “notice of insolvency” back on November 30th, just three weeks after AOPA chose the company’s GX as the 2010 Sweepstakes airplane. *** Today, the company issued a press release on the subject. Management reported, “Remos Aircraft has received an additional significant investment. With this new capital injection, Remos Aircraft goes strengthened into the year 2010.” The news release did not address the notice of insolvency, but earlier comments indicated it would be “withdrawn” once matters were settled among investors. According to sources, the filing was necessary under German business law because of a “temporary liquidity problem.” *** In the press statements, Remos managers reported they are “dominating the LSA segment, and with significant progress in building our marketing and sales organization, we have reached the goals we had set ourselves for the year 2009.” To further identify the sources of capital investment, Remos elaborated, “The steps initiated by the two main shareholders, the Faerber Group of Munich, Germany, and the London investment house Pall Mall Partners… secure the future of Remos Aircraft and enable the introduction of new programs through which the company will be able to address new customer segments.” *** VP of marketing Ken Weaver added, “We are now ready to launch the next phase of our program.” Ken is presently traveling home from Germany and I may have more to report here in a few days.
- « Previous Page
- 1
- …
- 4
- 5
- 6