Lake Aircraft Seeks Buyer

Lake Aircraft has gone up for sale before, several times, but this week the company announced it's trying again to find a new owner for its assets, including the only FAA-certified single-engine amphibious airplane on the market. The offering includes all the intellectual property and equipment needed to manufacture the Lake Renegade, Seafury and Seawolf airplanes. "The manufacturing operation can then be used as a foundation to expand into bigger and more complex aircraft," said Armand Rivard, president of Revo Inc., the Lake Aircraft holding company. "This FAA Type Certificate simplifies the start-up of a new aircraft company." More than 1300 Lake amphibian aircraft are flying in over 50 countries around the world. The line has been in production for more than 50 years.

The offered assets include the FAA Type Certificate, global manufacturing and marketing rights, component and assembly tooling, dies, jigs and engineering drawings for the Lake amphibian airplanes. A team of Lake experts will also be available to assist in the transition and continued production. The Renegade is the most popular of the three models. The turbocharged Seafury has more speed and payload capacity, and the Seawolf is equipped with under-wing hard points for carrying external payloads, and is used for research, search and rescue, law enforcement, air evacuation and other special operations.