Van's Aircraft Gives Optimistic Update | 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-12.01.25

AirborneNextGen-
11.18.25

Airborne-Unlimited-11.19.25

Airborne-AffordableFlyers-11.20.25

AirborneUnlimited-11.21.25

LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Mon, Apr 15, 2024

Van's Aircraft Gives Optimistic Update

Things Are Looking Good for Reorganization Plan's Acceptance

Van's Aircraft posted a short video recapping the goings-on around their reorganization as they continue to move away from the brink, and by all accounts, things are going great.

Clyde Hamstreet indicated that things are going pretty well in the Chapter 11 process, and they expect their reorganization plan to be approved by the court come May. Hammerstreet noted, with pleasure, that few companies in a similar position manage to survive the process, but Van's is sitting pretty. Their plan for reorganization hinges on restructuring nearly all existing contracts between suppliers, contractors, clients, and customers, which can often torpedo any prospective deal in the process. Thankfully, Hamstreet said that everyone involved has been more than accommodating in reaching an acceptable deal.

"Our plan calls for a good recovery for creditors, we'll come out of this with well capitalization because of [Van Grunsfen's] family putting in quite a bit of cash, but also because of the support of the vendors and their customers," added Hamstreet. Most contracts with customers were renegotiated with the majority of buyers, even those holding outstanding orders placed years in advance. With the way the economy has been going lately, most customers were very understanding of the fact that Van's was taking a loss by older prices from ~2021.

"We renegotiated what our debt restructuring is on a lot of our debts, mostly with the family. Those debts are going to be converted into equity," Hamstreet continued. Going forward, for the next 3 years, Van's Aircraft will be keeping all customer funding in a segregated account, only dipping into it when the buyer's kits and products are ready to ship. That's a protective measure, should Van's start to slip back towards the bankruptcy vortex, ensuring that customers aren't left holding the bag.

The rest of the video touches on the claims process for those who feel they're owed money by Van's, outlining the negotiation process between Van's and such debtors, under the court's judgment. Claims stemming from the laser-cut parts fiasco should be fairly limited, since the firm has put a full plan into place to ensure affected kits and clients can get their parts replaced anyways. Others that fall outside existing programs of redressing some of Van's recent issues will fall under different claims processes depending on how much they are owed.

FMI: www.vansaircraft.com

Advertisement

More News

ANN's Daily Aero-Term (11.28.25): Unmanned Aircraft System (UAS)

Unmanned Aircraft System (UAS) An unmanned aircraft and its associated elements related to safe operations, which may include control stations (ground, ship, or air based), control>[...]

ANN's Daily Aero-Linx (11.28.25)

Aero Linx: Cactus Fly-In The Classic Airplane Association of Arizona, Inc. (CAAA) was incorporated in Arizona as a not for profit corporation on January 10, 2014. The CAAA roster i>[...]

Airborne 11.21.25: NTSB on UPS Accident, Shutdown Protections, Enstrom Update

Also: UFC Buys Tecnams, Emirates B777-9 Buy, Allegiant Pickets, F-22 And MQ-20 The NTSB's preliminary report on the UPS Flight 2976 crash has focused on the left engine pylon's sep>[...]

Airborne 11.26.25: Bonanza-Baron Fini, Archer v LA NIMBYs, Gogo Loses$$$

Also: Bell 505 on SAF, NYPA Gets Flak For BizAv 'Abuse', FAA Venezuela Caution, Horizon Update Textron Aviation has confirmed it will be ending production of the Beechcraft Bonanza>[...]

Airborne-NextGen 11.25.25: EHang Manned Flt, Army UAVs, Starship V3 Booster Boom

Also: FedEx SAF, Archer Midnight Powertrain Tech, Rocket Lab Record, Perseverance Rover Find EHang has logged a major milestone in the development of its pilotless air taxi, loggin>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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


Debugging Information
ColdFusion Server Enterprise 2023,0,16,330828
Template /subsite.cfm
Time Stamp 02-Dec-25 02:45 AM
Locale English (US)
User Agent Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)
Remote IP 10.0.20.1
Host Name 10.0.20.1


Execution Time

Total Time Avg Time Count Template
73 ms 73 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/parsed/main.textpost.cfm
73 ms 73 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc | onRequest(/subsite.cfm) ] from C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc
37 ms 37 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/actTextPost.cfm
8 ms 8 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc | onRequestStart(/subsite.cfm) ] from C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc
5 ms 5 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/actWidgets.cfm
4 ms 4 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspWidgets.cfm
3 ms 3 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryTextPost.cfm
3 ms 3 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | compileRequest(main.textpost, CFC: fckeditor.fb551.fusebox5.myFusebox) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
2 ms 2 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/fusebox.init.cfm
2 ms 2 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryAnnouncements.cfm
2 ms 2 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryAudio.cfm
2 ms 2 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/display/dspTextPost.cfm
2 ms 2 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspBannerAds.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/cftags/sharelinks.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryNewscats.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspSidebar.cfm
1 ms 1 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc | tagstripper(<h2><u><strong>Things Are Looking Good for Reorganization Plan's Acceptance</strong></u></h2>

Van's Aircraft posted a short video recapping the goings-on around their reorganization as they continue to move away from the brink, and by all accounts, things are going great.&nbsp;Clyde Hamstreet indicated that things are going pretty well in the Chapter 11 process, and they expect their reorganization plan to be approved by the court come May. Hammerstreet noted, with pleasure, that few companies in a similar position manage to survive the process, but Van's is sitting pretty. Their plan for reorganization hinges on restructuring nearly all existing contracts between suppliers, contractors, clients, and customers, which can often torpedo any prospective deal in the process.

) ] from C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc
1 ms 1 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | init(fusebox, [complex value], [complex value]) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/CustomTags/bph/QuerySim.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/comments/actDisqus.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/actFooter.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryWidVideo.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/comments/dspDisqus.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/display/dspAnnouncements.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspNewscats.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/layAnnNew.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_234BannerZone.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_admin.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_flashAd.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_podcasts.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_search.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_today.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_topvideos.cfm
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc | onRequestEnd(/subsite.cfm) ] from C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc
0 ms 0 ms 13 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc | RandomNumber() ] from C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxAction.cfc | getAccess() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxAction.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | expandFuseboxPath(parsed/) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
0 ms 0 ms 2 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | getCoreToAppRootPath() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | getVersion() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxEvent.cfc | init([complex value], [complex value], CFC: fckeditor.fb551.fusebox5.myFusebox) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxEvent.cfc
0 ms 0 ms 2 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | getMyself() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | getSelf() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | trace(Fusebox, Request completed) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
2 ms  STARTUP, PARSING, COMPILING, LOADING, & SHUTDOWN
83 ms  TOTAL EXECUTION TIME
red = over 250 ms average execution time


SQL Queries

post (Datasource=AeroNews, Time=2ms, Records=1) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryTextPost.cfm @ 02:45:12.012
SELECT
	cb.ContentBlockID as id,
	cb.ContentBlockName as title,
	cb.Display,
	ct.DisplayTemplate,
	cb.HTMLContent as description,
	cb.ForumCode,
	cb.Icon,
	convert(varchar(20), cb.Display, 111) AS GroupDate,
	t.TeaserText as teaser,
	cb.SortOrder
FROM
	vwContentBlock cb INNER JOIN ContentType ct
	ON cb.ContentTypeCode = ct.ContentTypeCode
	LEFT OUTER JOIN Teaser t
	ON cb.ContentBlockID = t.ContentBlockID AND t.TeaserType <> 'L'
WHERE
	cb.ContentBlockID = ?
	AND Status IN ('60','80') AND (Display <{ts '2025-12-02 02:45:12'} OR Display IS NULL)
Query Parameter Value(s) -
Parameter #1(CF_SQL_varchar) = 3FF0EB6F-0249-4959-9BDA-C8EAFC392F82

GetAnnouncements (Datasource=AeroNews, Time=0ms, Records=1, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryAnnouncements.cfm @ 02:45:12.012
SELECT HTMLContent
FROM ContentBlockLive
WHERE ContentBlockKey = 'ANNOUNCE' 
	AND Status = 60 
	AND ((Display <{ts '2025-12-02 02:00:00'} OR Display IS NULL) 
	AND (Expire > {ts '2025-12-02 02:00:00'} OR Expire IS NULL))
qryAudio (Datasource=AeroNews, Time=0ms, Records=0, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryAudio.cfm @ 02:45:12.012
SELECT NewID() as id,
	CAST(episodesid AS VARCHAR(38)) as myid,
	title,
	CAST(subtitle  AS Varchar(800)) as teaser, 
	CAST(summary AS Varchar(2000)) as description,
	ApprovedDate as published,
	episodefile as filelocation, 
	podcastsid as categoryid,
	CAST('audio' AS char(8)) as mytype,
	ApprovedDate as GroupDate,
	SPACE(2) AS previewimage,
	0 AS sortorder
FROM episodes
	WHERE Approved = 1 
		
	AND ApprovedDate <{ts '2025-12-02 02:00:00'} ANd ApprovedDate > {ts '2025-11-28 02:00:00'} 

Order By published DESC, sortorder DESC
qryWidVideo (Datasource=AeroNews, Time=0ms, Records=3, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryWidVideo.cfm @ 02:45:12.012
SELECT TOP 3
videoId as id, 
	convert(varchar(38), videoId) as myid, 
	title, 
	CAST(description AS Varchar(2000)) as description, 
	Cast(teaser AS Varchar(800))as teaser,
	published,
	filelocation, 
	categoryid,
	CAST('video' AS char(8)) as mytype,
	published as GroupDate,
	previewimage,
	0 AS sortorder
	
FROM Videos
WHERE active = 1 AND approved = 1 AND published <{ts '2025-12-02 02:00:00'} 
ORDER BY published DESC
widgetsorted (Datasource=, Time=2ms, Records=6) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\actWidgets.cfm @ 02:45:12.012
SELECT *
	FROM qryWidgets
	WHERE wname IN('flashAd','today','search','podcasts','topvideos','adsection234')
	ORDER By sortorder
NewsCategories (Datasource=AeroNews, Time=0ms, Records=7, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryNewscats.cfm @ 02:45:12.012
SELECT 
			ContentTypeName, ContentTypeCode
		FROM ContentType 
		WHERE CategoryCode = 'NEWS' AND CONTENTTYPECODE <> 'ATRVNW'
		ORDER BY ContentTypeName
NewsCategories2 (Datasource=AeroNews, Time=1ms, Records=8, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryNewscats.cfm @ 02:45:12.012
SELECT 
			ContentTypeName, ContentTypeCode
		FROM ContentType 
		WHERE CategoryCode = 'NEWS'
		ORDER BY ContentTypeName


Scope Variables

CGI Variables:
AUTH_PASSWORD=
AUTH_TYPE=
AUTH_USER=
CERT_COOKIE=
CERT_FLAGS=
CERT_ISSUER=
CERT_KEYSIZE=
CERT_SECRETKEYSIZE=
CERT_SERIALNUMBER=
CERT_SERVER_ISSUER=
CERT_SERVER_SUBJECT=
CERT_SUBJECT=
CF_TEMPLATE_PATH=C:\inetpub\wwwroot\clients\aero-news.net\subsite.cfm
CONTENT_LENGTH=0
CONTENT_TYPE=
CONTEXT_PATH=
GATEWAY_INTERFACE=CGI/1.1
HTTPS=off
HTTPS_KEYSIZE=
HTTPS_SECRETKEYSIZE=
HTTPS_SERVER_ISSUER=
HTTPS_SERVER_SUBJECT=
HTTP_ACCEPT=*/*
HTTP_ACCEPT_ENCODING=gzip, br, zstd, deflate
HTTP_ACCEPT_LANGUAGE=
HTTP_CONNECTION=Keep-Alive
HTTP_COOKIE=JSESSIONID=1A7839F79B8A564D79345F62C1321180.cfusion; CFTOKEN=1c73db380485a32b-AC362449-AB50-D346-91F749FD5C335F97; CFID=5128030
HTTP_HOST=www.aero-news.net
HTTP_REFERER=
HTTP_URL=/subsite.cfm?do=main.textpost&id=3FF0EB6F-0249-4959-9BDA-C8EAFC392F82
HTTP_USER_AGENT=Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)
LOCAL_ADDR=10.0.20.10
PATH_INFO=
PATH_TRANSLATED=C:\inetpub\wwwroot\clients\aero-news.net\subsite.cfm
QUERY_STRING=do=main.textpost&id=3FF0EB6F-0249-4959-9BDA-C8EAFC392F82
REMOTE_ADDR=10.0.20.1
REMOTE_HOST=10.0.20.1
REMOTE_USER=
REQUEST_METHOD=GET
SCRIPT_NAME=/subsite.cfm
SERVER_NAME=www.aero-news.net
SERVER_PORT=80
SERVER_PORT_SECURE=0
SERVER_PROTOCOL=HTTP/1.1
SERVER_SOFTWARE=Microsoft-IIS/10.0
WEB_SERVER_API=
Cookie Variables:
CFID=5128030
CFTOKEN=1c73db380485a32b-AC362449-AB50-D346-91F749FD5C335F97
JSESSIONID=1A7839F79B8A564D79345F62C1321180.cfusion
Session Variables:
sessionid=1A7839F79B8A564D79345F62C1321180.cfusion
urltoken=CFID=5128030&CFTOKEN=1c73db380485a32b-AC362449-AB50-D346-91F749FD5C335F97&jsessionid=1A7839F79B8A564D79345F62C1321180.cfusion
URL Parameters:
do=main.textpost
id=3FF0EB6F-0249-4959-9BDA-C8EAFC392F82
Debug Rendering Time: 21 ms