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October 28, 2023

Major Announcement from Van’s Aircraft Admits To Serious Issues

Company to Reorganize Under Mounting Challenges

Van’s Aircraft, the famed light-sport aircraft marque and maker of the perennially popular RV6/6A, RV7/7A, and numerous additional kit aircraft models, is facing serious cash-flow issues resultant of a confluence of unfavorable events and circumstances. To better serve its customers, the company will suspend operations for a period of approximately two-weeks.  

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Securities Lawsuit Against Archer Dismissed

Plaintiff Voluntarily Forgoes Litigation

The plaintiff in Cenderelli v. Archer Aviation, Inc., the federal securities lawsuit filed against the latter named party, has chosen to voluntarily dismiss the case. Formally requested on 21 September 223, the dismissal came shortly after Archer’s 13 October 2023 filing of a motion to dismiss the case. Archer’s chief legal officer Andy Missan stated: “We are very pleased that the plaintiff has decided to dismiss the case. Archer continues to remain focused on delivering on its mission and creating value for shareholders.”

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