Lancair Proposes 50-50 Deal
It wasn't just individual homebuilders who were hurt when Direct To Avionics closed. Lancair International also dealt with the company. "The D2A business failure is one which has touched all of us in one way or another," Lancair CEO Joseph C. Bartels wrote in a memo to customers this week. He says that Lancair Avionics is reviewing its contracts with customers, and notes that "on several occasions I spoke with customers and explained that I was concerned about paying 100 percent up front for the Chelton package." He proposes that Lancair Avionics will split the cost, 50-50, to acquire from Chelton the items which D2A failed to provide, at Chelton's discounted price. "Those customers who participate as requested will receive a special discount on any item that they purchase through Lancair which will total at least that amount equal to their contribution to this effort," Bartels said. [more] This arrangement would avoid expensive litigation and save the company from having to suffer a financial loss all at once -- a loss Bartels estimates may be as much as $145,000. "We hope that all or at least a majority of you will accept this offer," he said. For more details, go to the Lancair Web site.