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#11
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Precision Airmotive LLC
On Sat, 3 Nov 2007 08:51:02 +0100, "Rob Turk"
wrote: "Jerry Springer" wrote in message news:u6UWi.434$lx.263@trndny05... Peter Nielson Product Support Mgr. Precision Airmotive LLC 14800 40th Ave NE Marysville, WA 98271 360-651-8282 Subject: Letter to Industry Here is the text of a letter we are sending out to the industry today. Precision Airmotive LLC has discontinued sales of all float carburetors and component parts as of November 1, 2007. This unfortunate situation is a result of our inability to obtain products liability insurance for the product line. This is really sad news and scary to say the least. If it becomes a trend then there will be ever less companies able to produce aircraft parts. Loss of product, loss of jobs. Maybe they should consider outsourcing their production to a less litigious country? That would help reducing the insurance premium. Rob Not if they continue to be the importer/distributor. They still need the insurance. -- Posted via a free Usenet account from http://www.teranews.com |
#12
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Precision Airmotive LLC
On Sat, 03 Nov 2007 19:45:44 GMT, Jerry Wass
wrote: Does this mean our engines will soon be on a low-carb diet?? With tha carbs hung below the block as they have been for over 50 years I thought they already were????? Jerry Springer wrote: Peter Nielson Product Support Mgr. Precision Airmotive LLC 14800 40th Ave NE Marysville, WA 98271 360-651-8282 Subject: Letter to Industry Here is the text of a letter we are sending out to the industry today. Precision Airmotive LLC has discontinued sales of all float carburetors and component parts as of November 1, 2007. This unfortunate situation is a result of our inability to obtain products liability insurance for the product line. Precision Airmotive LLC and its 43 employees currently manufacture and support the float carburetors used in nearly all carbureted general aviation aircraft flying today. Precision has been the manufacturer of these carburetors since 1990. These FAA-approved carburetors were designed as early as the 1930's and continue to fly over a million flight hours a year. After decades of service, the reliability of these carburetors speaks for itself. Nonetheless, Precision has seen its liability insurance premiums rise dramatically, to the point that the premium now exceeds the total sales dollars for this entire product line. In the past, we have absorbed that cost, with the hope that the aviation industry as a whole would be able to help address this issue faced by Precision Airmotive, as well as many other small aviation companies. Our efforts have been unsuccessful. This year, despite the decades of reliable service and despite the design approval by the FAA, Precision Airmotive has been unable to obtain products liability insurance for the carburetor product line. While we firmly believe that the product is safe, as does the FAA, and well supported by dedicated people both at Precision and at our independent product support centers, unfortunately the litigation costs for defending the carburetor in court are unsustainable for a small business such as Precision. Therefore, as of November 1, 2007, Precision Airmotive LLC has been left with no choice but to cease production and support of its float carburetor product line. We are working with the engine manufacturers and others in the industry in an attempt to minimize the impact on general aviation and to provide future support for this product line. There is a substantial quantity of parts and carburetors stocked at our distributors which should be sufficient to support the industry for a short time. -- Posted via a free Usenet account from http://www.teranews.com |
#13
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Precision Airmotive LLC
On Sat, 3 Nov 2007 18:32:46 -0400, "Morgans"
wrote: "Capt. Geoffrey Thorpe" The Sea Hawk at wow way d0t com wrote I suspect that the "protection" for the aircraft manufacturers is the reason that the insurance for suppliers has gone up - they are next in line in the food chain. Prolly right, with that. Net, they need to extend the protection to everything on the airplane. Even better, take this opportunity to make some rulings to stop the madness of meaningless law suits, all across the legal system. Like THAT will ever happen in the "land of many laws - poorly written and irratically enforced" -- Posted via a free Usenet account from http://www.teranews.com |
#14
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Precision Airmotive LLC
clare at snyder.on.ca wrote in message ... On Sat, 3 Nov 2007 08:51:02 +0100, "Rob Turk" wrote: "Jerry Springer" wrote in message news:u6UWi.434$lx.263@trndny05... Peter Nielson Product Support Mgr. Precision Airmotive LLC 14800 40th Ave NE Marysville, WA 98271 360-651-8282 Subject: Letter to Industry Here is the text of a letter we are sending out to the industry today. Precision Airmotive LLC has discontinued sales of all float carburetors and component parts as of November 1, 2007. This unfortunate situation is a result of our inability to obtain products liability insurance for the product line. This is really sad news and scary to say the least. If it becomes a trend then there will be ever less companies able to produce aircraft parts. Loss of product, loss of jobs. Maybe they should consider outsourcing their production to a less litigious country? That would help reducing the insurance premium. Rob Not if they continue to be the importer/distributor. They still need the insurance. There are ways around product liability. Let's say I personally buy the assets of Precision Airmotive. Then, I create a corporation to manufacture the parts. I (personally) retain ownership of the tooling and lease it to the corporation which makes the parts and carbs. Also, I manage the corporation and pay myself nicely. Funny enough, the corporation never really builds a big asset base. Nor does it carry product liability insurance. Therefore, it probably isn't worth suing. Even if (when?) someone sues the corporation, it simply goes out of business and I lease the tooling to another corporation which uses essentially the same business model. This is similar to how BD Maule managed Maule for years. KB |
#15
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Precision Airmotive LLC
clare at snyder.on.ca wrote Like THAT will ever happen in the "land of many laws - poorly written and irratically enforced" Hey, if yer gunna dream, dream BIG ! ! ! I shoulda added something to that, like a last comment of: "Yeah, Right!" -- Jim in NC |
#16
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Precision Airmotive LLC
Jerry Wass wrote:
Does this mean our engines will soon be on a low-carb diet?? Fuel injected engines have zero carbs. Dan, U.S. Air Force, retired |
#17
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Precision Airmotive LLC
I think the key is for the corporation (Precision in this case) to have
no assets (hence, nothing to go after with a lawsuit), so this sounds viable. However, what if it's determined that the tooling you own were the cause of part failures. Would you personally be liable in any way? Maybe you put your tooling in an LLC or corporation, again, so that it has no assets worth sueing over (except the tooling itself...and if someone DOES sue and gets the tooling, we're back to square one...no one will be able to produce the parts)? Scott Kyle Boatright wrote: clare at snyder.on.ca wrote in message ... On Sat, 3 Nov 2007 08:51:02 +0100, "Rob Turk" wrote: "Jerry Springer" wrote in message news:u6UWi.434$lx.263@trndny05... Peter Nielson Product Support Mgr. Precision Airmotive LLC 14800 40th Ave NE Marysville, WA 98271 360-651-8282 Subject: Letter to Industry Here is the text of a letter we are sending out to the industry today. Precision Airmotive LLC has discontinued sales of all float carburetors and component parts as of November 1, 2007. This unfortunate situation is a result of our inability to obtain products liability insurance for the product line. This is really sad news and scary to say the least. If it becomes a trend then there will be ever less companies able to produce aircraft parts. Loss of product, loss of jobs. Maybe they should consider outsourcing their production to a less litigious country? That would help reducing the insurance premium. Rob Not if they continue to be the importer/distributor. They still need the insurance. There are ways around product liability. Let's say I personally buy the assets of Precision Airmotive. Then, I create a corporation to manufacture the parts. I (personally) retain ownership of the tooling and lease it to the corporation which makes the parts and carbs. Also, I manage the corporation and pay myself nicely. Funny enough, the corporation never really builds a big asset base. Nor does it carry product liability insurance. Therefore, it probably isn't worth suing. Even if (when?) someone sues the corporation, it simply goes out of business and I lease the tooling to another corporation which uses essentially the same business model. This is similar to how BD Maule managed Maule for years. KB -- Scott http://corbenflyer.tripod.com/ Gotta Fly or Gonna Die Building RV-4 (Super Slow Build Version) |
#18
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Precision Airmotive LLC
Ya, but doesn't somebody make the injectors? With my luck, that would
be the next "target company".... Scott Dan wrote: Jerry Wass wrote: Does this mean our engines will soon be on a low-carb diet?? Fuel injected engines have zero carbs. Dan, U.S. Air Force, retired -- Scott http://corbenflyer.tripod.com/ Gotta Fly or Gonna Die Building RV-4 (Super Slow Build Version) |
#19
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Precision Airmotive LLC
On Sat, 03 Nov 2007 19:36:25 -0500, Andy Asberry
wrote: On Sat, 3 Nov 2007 08:51:02 +0100, "Rob Turk" wrote: "Jerry Springer" wrote in message news:u6UWi.434$lx.263@trndny05... Peter Nielson Product Support Mgr. Precision Airmotive LLC 14800 40th Ave NE Marysville, WA 98271 360-651-8282 Subject: Letter to Industry Here is the text of a letter we are sending out to the industry today. Precision Airmotive LLC has discontinued sales of all float carburetors and component parts as of November 1, 2007. This unfortunate situation is a result of our inability to obtain products liability insurance for the product line. This is really sad news and scary to say the least. If it becomes a trend then there will be ever less companies able to produce aircraft parts. Loss of product, loss of jobs. Maybe they should consider outsourcing their production to a less litigious country? That would help reducing the insurance premium. Rob Under US law, if a manufacturer has no place of business in the US, the importer is considered the manufacturer. Google for Foreign Tire Sales in New Jersey. --Andy Asberry-- ------Texas----- so what you are hinting is that the country of manufacture needs a legal system with no respect for US law and needs to be close enough for mail order. the customer doing the mail order becomes the importer no? that makes Cuba the perfect location :-) |
#20
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Precision Airmotive LLC
"Stealth Pilot" wrote in message so what you are hinting is that the country of manufacture needs a legal system with no respect for US law and needs to be close enough for mail order. the customer doing the mail order becomes the importer no? that makes Cuba the perfect location :-) Nothing wrong with Cuba, but why are you so anxious to export manufacturing? Lawyers have screwed up the US legal system to the point where the guilty party is always the one with the largest pockets. It's not about any real liability any longer, it's about getting money. I'd love to see judges start inflicting huge fines on the practitioners of these far reaching money grabs, take away their licenses, lock the *******s up. Get back to a little common sense. |
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