"...Precision has seen its liability insurance premiums
rise dramatically, to the point that the premium now exceeds the
total sales dollars for this entire product line. In the past, we
have absorbed that cost, with the hope that the aviation industry
as a whole would be able to help address this issue faced by
Precision Airmotive, as well as many other small aviation
companies. Our efforts have been unsuccessful. This year, despite
the decades of reliable service and despite the design approval by
the Federal Aviation Administration, Precision Air motive has been
unable to obtain product liability insurance for the carburetor
product line. While we firmly believe that the product is safe, as
does the FAA, and well-supported by dedicated people both at
Precision and at our inde
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