Mon, Dec 20, 2010
Avcorp and Cessna Agree To Production Transition
Avcorp Industries Inc. has confirmed that, following discussions
with Cessna, Avcorp and Cessna will transition current production
work back to Cessna. Avcorp will continue to fulfill orders until
transition and the transition timeline is not yet defined. Avcorp
and Cessna are entering into discussions with respect to the timing
and associated expenses in connection with the transition.
A production transition plan, as well as a remuneration
agreement is subject of discussion. The transition timeline is
anticipated to be over an extended period of time and is contingent
on factors which will be the subject matter of the ongoing
discussions with Cessna.
Avcorp Vertical Stabilizer
Assembly Built For Cessna CJIII
Avcorp promises an update when the details of the transition
plan are determined.
Avcorp notes that they "believe that our current work flow and
other and new business opportunities will provide a sustainable
business for Avcorp. In addition the capital restructuring and
financing activities undertaken during 2009 and 2010 have provided
a less expensive cost of capital and debt service requirements
which will assist Avcorp through this period of transition."
Avcorp, Canadian public company traded on the Toronto Stock
Exchange, has been a major contractor in Cessna's sphere of
influence. The company "designs and builds major airframe
structures for some of the world's leading aircraft companies,
including Boeing, Bombardier, and Cessna. With more than 50 years
of experience, 500 skilled employees and 354,000 square feet of
facilities in Delta BC and Burlington ON, Avcorp offers integrated
composite and metallic aircraft structures to aircraft
manufacturers..."
More News
Also: Horizon Picks P&W PT6A, Army Buys 3 EagleNXT, First Hybrid-Electric Regional, Army Selects AEVEX Anduril Industries’ YFQ-44A Collaborative Combat Aircraft was flown>[...]
While Flying North Along The Beach At About 300 Ft Above Ground Level, The Pilot Reported That The Engine RPM Dropped To About Idle On September 28, 2025, at 1126 eastern daylight >[...]
Aero Linx: European Association of Aviation Training and Educational Organisations (EATEO) Welcome to the “ European Association of Aviation Training and Education Organizati>[...]
On-Course Indication An indication on an instrument, which provides the pilot a visual means of determining that the aircraft is located on the centerline of a given navigational t>[...]
“It also gives us the hard data we need to shape requirements, reduce risk, and ensure the CCA program delivers combat capability on a pace and scale that keeps us ahead of t>[...]
Airborne-NextGen 11.04.25: Anduril YFQ-44A, Merlin SOI 2, UAV Rulemaking Stalled
See All