Epic Plans Lasting Dynasty
With the lawsuit between it and Farnborough Aircraft resolved by mediation in July, Epic Aircraft is now fully focused on developing the Dynasty turboprop single on its own, as well as a derivative Elite Jet with Republic of Georgia-based Tbilisi Aircraft Manufacturing. The two aircraft will be completely certified at the Canadian Center for Aircraft Certification in Calgary, with approvals for the $1.9 million turboprop and $2.235 million twinjet expected in the first and third quarters of 2008, respectively. Epic CEO Rick Schrameck told AVweb that the turboprop fleet has logged more than 1,100 hours, while the Elite Jet is scheduled to make its first flight early next year. A July press release issued by Epic said the jet would fly in late July, but it has yet to do so. Schrameck said the Elite Jet needs a new wing to fly at speeds higher than 400 knots, and a new wing has already been designed and built. Notwithstanding the potential need for a better wing to handle higher airspeeds, the mediation agreement prevents Epic from using the wing co-developed with Farnborough Aircraft on anything but its turboprop single.