Address to the Fans Lays Out Case for Restructuring
"I realize that the word "bankruptcy" here is shocking, however, the key word here is "reorganization", which implies continued operation and improvement. Our doors will remain open and we will continue to work hard to serve our customers," said VanGrunsven. "Customers will be sent an email that will take them to a portal with the details of their existing order, the amount of their deposits, and Van's proposed modifications. Van's will apply the full prior dollar amount of deposits and payments to the modified kit orders. Treatment of deposits made on engines, propellers, and avionics will be determined later."
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