More 'Signs Of The Times?' Quicksilver Declares Itself 'Insolvent' | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

Tue, Oct 20, 2015

More 'Signs Of The Times?' Quicksilver Declares Itself 'Insolvent'

Company Was Significant Part of Sport Aviation History

ANN has been sent a letter on behalf of Quicksilver Aeronautics indicating that the company, first known on the Sport Aviation scene as an early manufacturer of powered hang gliders over 4 decades ago, is currently insolvent.

According to Shulman, Hodges and Bastian, LLP, they are the, "insolvency counsel for Quicksilver Aeronautics, LLC, a Delaware limited liability company." The firm notes that the letter serves as "formal notice that (i) Quicksilver has elected to voluntarily wind up and dissolve the company; and (ii) Quicksilver has voluntarily commenced the winding up of its business affairs."

Attorney Leonard Shulman further states that, "Quicksilver determined that it had no going concern value to preserve and that it had insufficient assets to operate. Quicksilver intends to liquidate the balance of its assets, pay off any secured and priority creditors (i.e., tax authorities) and then to the extent any funds are left, shall pay unsecured creditors on a pro rata basis. As such, there will be no distribution of dividends to any member."

According to the same letter, the dissolution process could take 30-90 days.

Where this leaves the intellectual property of the company and the potential future of the Quicksilver line is as yet unknown, but company officials have promised calls on Tuesday to provide additional info.

We'll keep you updated.

FMI: www.quicksilveraircraft.com

 


Advertisement

More News

NTSB Prelim: Piper PA-23

Pilot Also Reported That Due To A Fuel Leak, The Auxiliary Fuel Tanks Were Not Used On June 4, 2025, at 13:41 eastern daylight time, a Piper PA-23, N2109P, was substantially damage>[...]

Classic Aero-TV: One Man’s Vietnam

From 2023 (YouTube Edition): Reflections on War’s Collective Lessons and Cyclical Nature The exigencies of war ought be colorblind. Inane social-constructs the likes of racis>[...]

NTSB Final Report: Capella Aircraft Corp FW1C50

Pilot Reported That He Was Unfamiliar With The Single Seat Amateur-Built Airplane And His Intent Was To Perform High-Speed Taxi Testing Analysis: The pilot reported that he was unf>[...]

Classic Aero-TV: Timber Tiger Touts Curtiss Jenny Replicas

From 2023 (YouTube Edition): First Kits to Ship October 2023 Having formerly resurrected the storied shape of the Ryan ST—in effigy, anyway—Montrose, Colorado-based Tim>[...]

ANN's Daily Aero-Term (07.04.25): Performance-Based Navigation (PBN) [ICAO]

Performance-Based Navigation (PBN) [ICAO] Area navigation based on performance requirements for aircraft operating along an ATS route, on an instrument approach procedure or in a d>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC