It looks like the folks at Lancair’s certified aircraft division will get a much-needed cash-flow infusion, as the company is close to sealing a deal — as early as November — with a new investor. Mum’s the word as to who this person or entity is, but early details (subject to change) indicate the investor would become a controlling partner of the operation. Lancair had been looking for about $25 million to get it back in the game, but the pending investment apparently will exceed that amount. The much-needed cash will allow Lancair to return to about 99 percent of its previous operations — shut down since July — including the rehiring of most employees. If all goes well, the company will open it doors next month, to greet a backlog of 180 aircraft orders already on the books. Certification of the Lancair 350 is expected in January, with the Lancair 400 gaining certification perhaps next April.
Lancair (Certified) Gets New Investor
Key Takeaways:
- Lancair's certified aircraft division is set to receive a substantial cash-flow infusion from a new, controlling investor, exceeding the $25 million sought.
- This investment will enable the company, which ceased operations in July, to reopen next month, rehire most employees, and return to approximately 99 percent of its previous operational capacity.
- Lancair plans to address a backlog of 180 aircraft orders and expects certification for the Lancair 350 in January, followed by the Lancair 400 in April.
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