Lancair (Certified) Gets New Investor
It looks like the folks at Lancair's certified aircraft division will get a much-needed cash-flow infusion, as the company is close to sealing a deal --- as early as November -- with a new investor. Mum's the word as to who this person or entity is, but early details (subject to change) indicate the investor would become a controlling partner of the operation. Lancair had been looking for about $25 million to get it back in the game, but the pending investment apparently will exceed that amount. The much-needed cash will allow Lancair to return to about 99 percent of its previous operations -- shut down since July -- including the rehiring of most employees. If all goes well, the company will open it doors next month, to greet a backlog of 180 aircraft orders already on the books. Certification of the Lancair 350 is expected in January, with the Lancair 400 gaining certification perhaps next April.