Tamarack Aerospace Group announced on Wednesday that it has tripled existing office space and acquired a new hangar at its facility in Sandpoint, Idaho. According to the company, the new space will accommodate expanding sales and research and development efforts aimed at future applications for its active winglet technology. Tamarack also opened an installation center at London-Oxford Airport (OXF) last July.
“We’ve been focused on rebuilding our team this year, which is the core of our business, along with our outstanding customer community,” said Tamarack founder and CEO Nick Guida. “Now we’ve reached a point where we are outgrowing our space, so the added offices and hangar allows us to keep growing.”
Tamarack, which manufactures an active winglet system for Cessna 525, 525A and 525B business jets, was founded in 2010. As previously reported by AVweb, the company filed for bankruptcy in June 2019 following an emergency airworthiness directive (EAD) that grounded Cessna Citations equipped with its ATLAS active winglets. The company reorganized and emerged from Chapter 11 earlier this year.
Start an aviation company dedicated to developing a winglet STC for older Citations in 2010, suffer an AD that affects 100 airplanes grounding them forcing bankruptcy in 2019, emerge out of bankruptcy in the middle of the Covid-19 pandemic aviation changing business landscape less than a year later, and before the end of the third quarter 2020 expand operation times 3.
I don’t know whether I should be happy for Tamarack or skeptical?
I agree, this doesn’t make much sense. Unless the hangar they bought already has enough office space in it to triple their available square footage?