Mon, Dec 05, 2005
Hoping For Major Capital Infusion This Month
Tiger Aircraft has
confirmed to ANN that eight staffers were given pink-slips last
Friday. Despite what Tiger Boss Gene Criss described as a "pretty
solid" order book, nearly a third of the current staff was laid off
while the company awaits what is expected to be a major capital
infusion later this month. This new financing prgram may also
establish the unnamed party as a possible new majority partner
in the company.
Despite the negative tone of the announcement, Criss sounds
upbeat about the future of the company. "The G1000 Tigers are
selling well and new dealers are placing a number of orders... Our
order book has rarely looked better."
Criss describes the current move as a cash conservation issue,
in preparation for the aforementioned capital infusion.
Construction continues unabated on the current product line with
the 20 staffers now left at the company.
Tiger announced the certification of the G1000-equipped tiger at
Oshkosh 2005. The twin-screen system features 10.4-inch glass
displays for the PFD and MFD, both of which include 1024 x 768
resolution and wide-angle viewing, even in bright sunlight.
Covering the navigation functions, the system is WAAS-capable; it
contains IFR GPS; and it has VHF/ILS with VHF output of 16
watts.
There is a built-in attitude and heading reference system
(AHRS), traffic information service (TIS), and terrain proximity
alerting and a Mode S transponder. Crisp digital audio comes
courtesy of the GIA 63 dual integrated radio system that runs
through the GMA 1347 digital audio control panel.
The upgraded Tiger, featuring the G1000 panel, carries a price
of $274,500.
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