Sat, Aug 15, 2020
Engineered Propulsion Systems, Inc, has filed for Chapter 11 bankruptcy protection.
The company undertook this development of its own initiative via their debtor’s attorney, James D. Sweet of Steinhilber Swanson LLP. The EPS Diesel engine program had been getting serious attention from civilian and military parties while the company reportedly spent some $60 million in private investment dollars to seek a working production version and eventual certification. Textron has flown its second Cessna SkyCourier flight test article (P1). The milestone flight for the high-wing, large utility aircraft comes just two-and-a-half months after the prototype Cessna SkyCourier first took to the skies on May 17. The P1 aircraft is the first conforming production flight test aircraft and is the first airframe configured as a freighter. The Aircraft Electronics Association released its second-quarter 2020 Avionics Market Report. In the first six months of the year, total worldwide business and GA avionics sales amounted to more than $1.1 billion. The figure represented a 23.6% decrease in
total sales compared to the first six months of 2019. During the second-quarter months of April, May and June, sales decreased 37.3% compared to the same time frame one year ago. 53.3% of 2020 sales came from the retrofit market (avionics equipment installed after original production), while forward-fit sales (avionics equipment installed by airframe manufacturers during original production) amounted to 46.7% of sales. All this -- and MORE in today's episode of Airborne!!!
Airborne 08.14.20 is chock full of info in this Daily News Episode, Friday, August 14th, 2020... Presented by Aero-TV veteran videographer and Airborne Host Sophie Hurlock. Sophie is supported by ANN Chief Videographer Nathan Cremisino, as well as ANN CEO/Editor-In-Chief Jim Campbell. This episode covers:
- EPS Engine Development Program Files For Bankruptcy
- And Then There Were Two... Cessna's Second Skycourier Starts Test-Flights
- AEA's 2Q/20 Avionics Market Report Disappoints
- Blue Angels Homecoming AirShow Cancelled... You Know Why
- Aerovironment Upgrades Puma Capabilities
- FAA to Host Virtual Int'l Rotorcraft Safety Conference
- Aviation Safety Resources to Develop Next-Gen Parachute System for eFlyer 2
Get Comprehensive, Real-Time, 24/7 coverage of the latest aviation and aerospace stories anytime, at aero-news.net. And be sure to join us again tomorrow, for the next edition of "Airborne Unlimited" here on Aero-TV. Thanks for watching. See you, again, tomorrow!
© 2020, Aero-News Network, Inc., ALL Rights Reserved.
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