Express Aircraft of Olympia WA quits

x-posted to rah,rao,rap

Here's a news scoop for you all...

Express Aircraft Company, formerly Wheeler Express, has gone out of
business. Apparently TCM (Teledyne Continental Motors) was unable to
honor shipment of their "Full Authority Digital Engine Control" (FADEC)
IOF-550 engines which Express had banked on, promised out, and designed
around, which left them in dire straits.

Too bad...I have watched this company for a long time and the aircraft
is a real sleek, roomy, clean-lined 4-place composite that handles
exceptionally well.

Must be a kharmic thingy because two CEO's of the company have died in
separate crashes on maiden flights while testing out new models.

You heard it first here!!


Antonio

Here's a news scoop for you all...

Another one:

Amazingly, it's being reported that Commander Aircraft has found "new
investors" and is back up and running.

Ya just gotta wonder where these guys keep finding investors?
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Wouldn't you love to listen to the spiel and hear the numbers they present?

Jay Honeck wrote:
Another one
Amazingly, it's being reported that Commander Aircraft has found "new
investors" and is back up and running
Ya just gotta wonder where these guys keep finding investors?

Wouldn't you love to listen to the spiel and hear the numbers they
present?

Commander (and Mooney) seem to have a rare talent for finding that most
unusual of all combinations in people: Stupidity and money.

My hat is off to them, and I wish them luck -- but they're going to lose
their shirts.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"Jay Honeck" wrote in message
news:Pu56d.62167$wV.26227@attbi_s54...
Wouldn't you love to listen to the spiel and hear the numbers they
present?

Commander (and Mooney) seem to have a rare talent for finding that most
unusual of all combinations in people: Stupidity and money.

My hat is off to them, and I wish them luck -- but they're going to lose
their shirts.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"



They may lose their shirts and be gone tomorrow but it they produce anything
worth a hoot it will be around for the next 100 or so years for people to
talk about.

"Jay Honeck" wrote:


...that most
unusual of all combinations in people: Stupidity and money.

Hah! You obviously haven't spent much time around an upscale marina.
--
Dan
C-172RG at BFM

...that most
unusual of all combinations in people: Stupidity and money.

Hah! You obviously haven't spent much time around an upscale marina.

Actually, I have -- I grew up on the shores of Lake Michigan.

Huge money, huge boats, huge parties -- and certainly a bunch of stupid
actions. I've seen guys so drunk that they simply fell off the back of
their 48-foot yachts, and had to be fished out with a pole.

However, although those people act like fools on the weekends, in my
experience they rarely act that way when it comes to investing their money.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Hah! You obviously haven't spent much time around an upscale marina.
--

Why do people keep bringing up super money holes? Things would be fine just
talking about airplanes.

"Jay Honeck" wrote:
Here's a news scoop for you all...

Another one:

Amazingly, it's being reported that Commander Aircraft has found "new
investors" and is back up and running.

Ya just gotta wonder where these guys keep finding investors?

What's even more amazing to me is that they will find customers if they get
back into production. Would you buy a new Commander (or Mooney, for that
matter) knowing the shakey history of the company?
--
Dan
C-172RG at BFM

Why would you be less inclined to buy a new one than an old one?

Seems like you are in the same boat.

Besides, Cessna pulled the plug on building piston planes even when they had
money, what's the difference?


"Dan Luke" wrote in message
...

"Jay Honeck" wrote:
Here's a news scoop for you all...

Another one:

Amazingly, it's being reported that Commander Aircraft has found "new
investors" and is back up and running.

Ya just gotta wonder where these guys keep finding investors?

What's even more amazing to me is that they will find customers if they
get
back into production. Would you buy a new Commander (or Mooney, for that
matter) knowing the shakey history of the company?
--
Dan
C-172RG at BFM