Quicksilver Aircraft "Reorganizing"

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Quicksilver Aircraft, which has sold more than 15,000 ultralight aircraft around the world, will close its California factory and is working to reorganize the business, according to a report at ByDanJohnson.com. After a couple of years of increasing sales, the company saw a dip in 2015. “Tremendous efforts were placed in order to reduce costs dramatically,” Quicksilver COO Dan Perez recently wrote to the dealer network. “However, this has not been enough and therefore a very significant reorganization of the company is underway in order to have a much, much leaner company with much lower fixed costs."

The company is now working out ways to liquidate assets and to provide continuing support and parts for the existing fleet. AVweb will have more details on this story as they are made available.