This is a site for anyone who has an interest in aviation. Be it an Aeroplane or a Helicopter, Real or Virtual, Cessna or Boeing. Everything is covered.

Latest topics

September 2018

MonTueWedThuFriSatSun
     12
3456789
10111213141516
17181920212223
24252627282930

Calendar Calendar

Keywords


    Plane owners grounded by manufacturer bankruptcy

    Share
    avatar
    Admin
    Admin

    Number of posts : 26
    Location : Ireland
    Registration date : 2008-12-15

    Plane owners grounded by manufacturer bankruptcy

    Post  Admin on Thu Dec 18, 2008 11:46 am

    SANTA FE, N.M._It's a buyer's nightmare: Plunk down more than $1 million for a new twin-engine airplane and after it finally arrives, the manufacturer goes out of business.

    That's the scenario facing a handful of people across the country and even New Mexico's state police, all caught in the debris of a startup aircraft company's collapse.

    They're owners of what the aviation industry calls "orphan" planes: There's no warranty on their new aircraft and no factory to easily supply spare parts.

    The owners' predicament emerged after Englewood, Colo.-based Adam Aircraft closed its doors and filed for bankruptcy earlier this year after failing to secure tens of millions of dollars in financing in the nation's credit-strapped economy. The company's assets have been liquidated.

    Without support from a manufacturer, "then eventually the parts will become time limited and the aircraft will become grounded. Ultimately, that is probably what will happen," said Mike Hackett, a retired airline pilot from St. Helena, Calif.

    His plane sits idle because one of its parts has reached the factory's original flight time limits. He's uncertain where he'll get replacements fabricated.

    In January, New Mexico's Department of Public Safety received the last of five Adam A500 planes that went to buyers. A month later, the company permanently shut its doors.

    State police still fly the new plane for reconnoissance and surveillance, such as tracking drug dealers, as well as search and rescue and traffic patrols.

    Unlike private owners, New Mexico's law enforcement agency can operate its A500 as a "public use" aircraft. That permits the state to fly without meeting many of the regulations imposed by the Federal Aviation Administration on general aviation aircraft. The state also has its own technician certified to service the plane. Factory training was part of the $1.2 million purchase package.

    Public Safety Secretary John Denko, a pilot for 44 years, said the agency was unaware of the manufacturer's precarious finances when the state purchased the airplane.

    "Had I any idea that the aircraft was going into bankruptcy, we would never have bought it," said Denko.

    A legislative committee has questioned the contracting procedures for the plane and issued a report faulting the state's procurement agency for inadequate research on the manufacturer's finances.

    But Denko praises the plane's design and capabilities, contending it's well suited for low-altitude flights in turbulent mountainous terrain where state police use the aircraft.

    "We all wish we had a crystal ball but we did the best that we could at the time. I'm still happy we got the aircraft. I think we are going to receive our money out of this thing many times over," said Denko.

    State police still fly the new plane for reconnoissance and surveillance, such as tracking drug dealers, as well as search and rescue and traffic patrols.

    Unlike private owners, New Mexico's law enforcement agency can operate its A500 as a "public use" aircraft. That permits the state to fly without meeting many of the regulations imposed by the Federal Aviation Administration on general aviation aircraft. The state also has its own technician certified to service the plane. Factory training was part of the $1.2 million purchase package.

    Public Safety Secretary John Denko, a pilot for 44 years, said the agency was unaware of the manufacturer's precarious finances when the state purchased the airplane.

    "Had I any idea that the aircraft was going into bankruptcy, we would never have bought it," said Denko.

    A legislative committee has questioned the contracting procedures for the plane and issued a report faulting the state's procurement agency for inadequate research on the manufacturer's finances.

    But Denko praises the plane's design and capabilities, contending it's well suited for low-altitude flights in turbulent mountainous terrain where state police use the aircraft.

    "We all wish we had a crystal ball but we did the best that we could at the time. I'm still happy we got the aircraft. I think we are going to receive our money out of this thing many times over," said Denko.

    huanic
    Second Flight Officer

    Number of posts : 11
    Registration date : 2009-08-16

    Re: Plane owners grounded by manufacturer bankruptcy

    Post  huanic on Sun Aug 16, 2009 8:23 pm

    A legislative committee has questioned the contracting procedures for the plane and issued a report faulting the state's procurement agency for inadequate research on the manufacturer's finances.

    But Denko praises the plane's design and capabilities, contending it's well suited for low-altitude flights in turbulent mountainous terrain where state police use the aircraft.

    "We all wish we had a crystal ball but we did the best that we could at the time. I'm still happy we got the aircraft. I think we are going to receive our money out of this thing many nyc asian escort times over," said Denko.

    State police still fly the new plane for reconnoissance and surveillance, such nyc asian escorts as tracking drug dealers, as well as search and rescue nyc escort and traffic patrols.

    Unlike private owners, New Mexico's law enforcement agency can operate its A500 as a "public use" aircraft. That nyc escorts permits the state to fly without meeting many of the regulations imposed by the Federal Aviation Administration on general aviation aircraft. The state also has its own technician certified to service the plane. Factory training was part of the $1.2 million purchase package.

    sesuna
    Second Flight Officer

    Number of posts : 14
    Registration date : 2010-03-18

    Re: Plane owners grounded by manufacturer bankruptcy

    Post  sesuna on Thu Mar 18, 2010 6:36 pm

    On December 30, 2009, Federal new york escorts Judge Emmitt Sullivan ruled
    defendants collaborated to pay more than $190,000 to Mr. Tom Rider, a former Feld employee who was an elephant
    ” for two years in the late 1990s, in exchange for his impeached
    estimony against Feld in an new york escort earlier lawsuit—testimony Judge
    entirety. That lawsuit new york asian escort was dismissed.
    new york asian escorts

    jonusb
    First Flight Officer

    Number of posts : 56
    Registration date : 2010-02-05

    Re: Plane owners grounded by manufacturer bankruptcy

    Post  jonusb on Mon Apr 25, 2011 8:51 pm

    From my point of view, e-mail [URL= http://www.asianescortsny.com]NY Escort[/URL] does bring great convenience for people, but it is not a [URL= http://www.asianescortsny.com]NY Escorts[/URL] better way to express our feelings than traditional letters. Our hand-writing on the paper [URL= http://www.asianescortsny.com]NY Asian Escorts[/URL] can deliver much emotion. Therefore, when you want to express your love [URL= http://www.asianescortsny.com]NY Asian Escort[/URL] and care to someone, writing a letter to her or him by hand is a wise choice.

    fanky
    Newbie

    Number of posts : 10
    Registration date : 2011-07-25

    Re: Plane owners grounded by manufacturer bankruptcy

    Post  fanky on Mon Jul 25, 2011 1:39 am

    Parking and reversing maneuvering are important skillSeattle Asian Escorts Besides the highly annoying damages of failed backing maneuvers and the total financial losses,Seattle Asian Escort there is a connection between such light collisions and the harder collisions Seattle Escort -- avoiding scrubbing other cars in the parking space helps avoiding more severe crashes on the Seattle Escorts road!

    forland
    Second Flight Officer

    Number of posts : 11
    Registration date : 2011-08-01

    Re: Plane owners grounded by manufacturer bankruptcy

    Post  forland on Mon Aug 01, 2011 2:27 am

    08Okay so me Los Angeles Escort and my wife Los Angeles Escorts were talking and We are going Los Angeles Asian Escort to get a remote controled vibrator to use on her when we are in public and Los Angeles Asian Escorts stuff to spice up a night. The thing is she also wants to be able to do stuff like that to me Such as make me hard whenever she wants while were in public like the same that im doing to her

    Sponsored content

    Re: Plane owners grounded by manufacturer bankruptcy

    Post  Sponsored content


      Current date/time is Wed Sep 19, 2018 1:27 am