If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Luscombe Hits the Dust.
An aircraft startup went into action about 12 years ago. To design and
certify an updated Luscombe 11, at Altus Oklahoma. It was a struggle. The FAA requirements are very, very demanding. And the new light aircraft market crashed 2 or 3 years ago, just as the certificate was finally approved and they were ready to sell. So the money ran out. And nobody wanted to finance another spell. So Luscombe went bankrupt. That happens. Friday and Saturday were the days set for auctioning off the goodies left at the planmt. The parking lots were full. The bidding went to high prices. Often higher than wholesale. On New engines, all kinds of aero hardware, tools, machines, sheet 2024, 6061. There was a line of about 8 production planes. They went for $70K through $40K (the selling price visualized for a going operation was around $100K, I believe,....) The line of spare new aero engines - Lycoming, Continentals - $27k thru $24K Higher than wholesale, people remarked. Only the Certificate for the design rights went cheap: $500k they said. So, the auctioneer did well. The City will scratch back a little of the maney it funded. But the folks employed there are short of a job. And people are saying, "A more frugal purchasing scheme might have kept them going, long enough." Ah well.... Brian W |
#2
|
|||
|
|||
Luscombe Hits the Dust.
I followed the saga for a while. I even saw the origional proposal.
I felt that the concept was flawed. Even with resurecting the plane, you still had a 60 year old design at a premium price. Now the demand for a 60+ year old plane even though it was fresh off the factory floor has a very limited draw. Add in the bickering between the parties, the Luscombe association and the Renesaunce people, and all the others, it was just more nails in the coffin. Bob |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Luscombe and starter motors | Danny Deger | Piloting | 4 | January 30th 07 04:42 PM |
FS: 1947 Luscombe 8A/E | Juan*Jimenez | Aviation Marketplace | 0 | May 1st 04 04:47 AM |
Luscombe 8E | Brendan Grace | Owning | 6 | February 5th 04 11:34 AM |
Luscombe 11A gear repairs | Carlton Mann | Owning | 2 | December 22nd 03 05:09 PM |