Current Owner Decides Not To Abide by Sales Agreement
As tough as GA is these days, it comes as a mild shock to hear that there are people, smart people even, who actually still want to get into the GA airplane manufacturing business. Over the last three or so years, the GA industry has shrunk to a fraction of what it was in more glorious times -- and when combined with a tough economy, unfavorable politics, and ongoing scandals like the Cirrus Aircraft debacle; one wonders whether any sane person should have any interest in the GA game at all... Over the past few months, former Eclipse Boss, Vern Raburn and his wife Susan have investigated the potential purchase of a small GA manufacturer. They looked at two companies and eventually entered into negotiations with A