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Tue, Feb 14, 2017

Lancair International Asset Sale Completed

New Owner Is Based In Uvalde, TX

Lancair International has announced the sale of all of its out-of-production Assets, Lancair brand, and Kit Components support assets to new ownership based out of Uvalde, Texas.

Effective February 8, 2017, composite kit-plane pioneers Lancair International Inc. and Kit Components Inc. announces the sale of all Non-Evolution Aircraft assets to another aviation pioneer, Mark Huffstutler, founder of the Texas-based aircraft modification firm Sierra Industries and his son Conrad Huffstutler. The sale includes all assets, intellectual designs, and ongoing support business opportunities for all “out of production” Lancair aircraft kit models, including 320/360, IV, IV-P, ES and Legacy aircraft.

All inventories, production fixtures and support materials from Redmond, Oregon are presently being moved to their new home at Garner Field (KUVA) in Uvalde, Texas. The move will also involve bringing the assets and inventory from Lancair’s facilities in the Philippines back to the United States.

Mark Huffstutler brings more than 35 years of aviation experience to his new role, both as a business owner and pilot. With multiple ratings and over 17,000 flight hours in piston, turbine, helicopters and experimental aircraft, Mark is a passionate advocate of private aviation. Since his early days developing STC modifications for the Cessna 210 and multiple Citation jet models, he has gained extensive experience in experimental aircraft development and operation.

Mark’s son Conrad Huffstutler, an experienced pilot and winner of the 2013 EAA “Golden Wrench” award for his painstaking Grumman FM-2 Wildcat restoration is also thrilled to be a part of the new Lancair team and will serve as President of the new Lancair organization. Mark, Conrad, and their team are excited to take on the support of the Lancair community and look forward to new developments in this unique family of aircraft.

From the new Uvalde home in Texas, Lancair plans to offer existing aircraft owners full support with parts, technical assistance and documentation as well as maintenance, repairs and inspections for Lancair and other experimental aircraft. In addition, on-site access to maintenance, avionics, paint and interior completion facilities will create a convenient “one-stop” solution for owners and kit builders. Future plans include the resumption of aircraft manufacturing and the introduction of new designs.

Mr. Kevin Eldredge, the President of Evolution Aircraft Company and chief architect of this acquisition explains, “we have spent over 8 months interviewing potential buyers for the Lancair assets. Mark Huffstutler and his team represent our perfect vision for re-igniting the Lancair brand and supporting the thousands of kit customers we have developed over 35 years. Their proven experience in the aviation industry and passion for the Lancair product-line give us the confidence that they will do amazing things. Once a smooth transition is complete, my team at Evolution Aircraft Company will continue to focus our efforts on the development of the Evolution line of designs from our Redmond, Oregon headquarters.”

(Source: Lancair news release. Images from file and Facebook)



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