Lancair To Sell Legacy Assets In Favor Of Evolution Series
The assets of Lancair International’s older kitplane series are for sale as the company splits off into another entity that will focus on its more advanced Evolution series of experimental aircraft. Lancair announced this month it has an “all-inclusive offering” to a buyer to take over the assets, inventory and customer base for the Lancair 320/360, IV, IV-P, ES and Legacy aircraft. “It is Lancair’s intention to continue the support of over 2000 current customers through this transition as well as assist the new owners into the future,” the company said. Meanwhile, the business will become Evolution Aircraft Company and continue operations at the current headquarters in Redmond, Oregon. The Lancair Web site hasn't yet changed during this wee's AirVenture and still lists all of its aircraft, but the company is listed on the exhibitor's directory at Evolution Aircraft.
Soon after the public debut this spring of a piston version of its Evolution turbine airplane, Lancair said it was ceasing production of the Legacy kits. “Closing down production of the Legacy line was a tough but necessary decision,” the company said on its website. “We have come to a point where a significant investment will be necessary to continue the production and after 15 years we feel it is time for something new.” The composite Lancair kits rose to prominence in the 1980s with new high-performance designs that ramped up in features and performance over the years, leading to the Evolution turboprop. The prototype made its public debuted in 2008 at Sun n’ Fun.