Lancair 'Officially' Closes Investment Deal | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.14.24

Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

Mon, Jan 27, 2003

Lancair 'Officially' Closes Investment Deal

Woohoo! Here Come The Funds!

ANN told you it was in the works. Now, Lancair has put the finishing touches on a million dollar funding, allowing the company to continue ramping up production to meet 173 outstanding orders for its Columbia certified high performance aircraft.

New Lancair Board members, representing Composite Technology Research Malaysia (CTRM), Lancair’s original investor, were at the Lancair production facility this month to review the ramp-up.

All The Pieces Are Starting To Come Together

Lancair President Bing Lantis said, “These meetings put the final elements of a solid financial foundation in place. Our every effort is now directed at the re-start of manufacturing and delivery of the Columbia aircraft in all its configurations and options. We will steadily increase production to and beyond a rate of one aircraft per day.”

CTRM CEO Malek Packeer said, “To help expedite the production ramp-up, CTRM will begin planning for the manufacture of selected air-frame components for the Lancair Columbia aircraft at their advanced manufacturing facility.”

FMI: www.lancair.com/certified/index.html

Advertisement

More News

Classic Aero-TV: Remembering Bob Hoover

From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]

ANN FAQ: Follow Us On Instagram!

Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]

ANN's Daily Aero-Linx (05.15.24)

Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]

ANN's Daily Aero-Term (05.15.24):Altimeter Setting

Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]

Aero-News: Quote of the Day (05.16.24)

"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC