Return-Path: Sender: (Marvin Kaye) To: lml Date: Thu, 01 Aug 2002 08:58:01 -0400 Message-ID: X-Original-Return-Path: Received: from [198.207.223.228] (HELO babbler.bmc.com) by logan.com (CommuniGate Pro SMTP 4.0b6) with ESMTP id 1670472 for lml@lancaironline.net; Thu, 01 Aug 2002 08:26:53 -0400 Received: from localhost.localdomain (localhost [127.0.0.1]) by babbler.bmc.com (8.10.2/8.10.2) with ESMTP id g71CUuM01470 for ; Thu, 1 Aug 2002 07:30:56 -0500 (CDT) Received: from pdavis.bmc.com (pdavis@localhost) by localhost.localdomain (8.11.6/8.11.2) with ESMTP id g71CQ4k10514 for ; Thu, 1 Aug 2002 07:26:08 -0500 X-Original-Message-Id: <200208011226.g71CQ4k10514@localhost.localdomain> X-Authentication-Warning: localhost.localdomain: pdavis owned process doing -bs X-Mailer: exmh version 2.4 06/23/2000 with nmh-1.0.4 From: pdavis@bmc.com (Paul Davis) Reply-to: pdavis@bmc.com X-Original-To: lml@lancaironline.net (Lancair List) Subject: More Layoffs At Lancair Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii X-Original-Date: Thu, 01 Aug 2002 07:26:03 -0500 Knowing that someone is going to ask about this on the list, I thought I'd pass along this paragraph from AVweb: http://avweb.com/n/?31b Lancair is blaming troubles on Wall Street for its decision to lay off more than 85 percent of its staff at the Bend, Ore., production plant. CEO Bing Lantis told the Bend Bulletin another 207 layoff notices went home with workers last week, after a $25 million financing deal fell through. The company is down from 320 employees two months ago to 43 today. The company has a backlog of 172 orders and was cranking out one airplane a week before the layoffs. Even with a three-year wait for their planes, customers were laying out a $28,000 deposit on the fast, sleek singles. Lantis said the deposit is refundable. The factory remains open but with only 43 workers, the wait for Lancairs is bound to get longer. Lantis told the Bulletin he is confident Lancair will find new money sources and bring the workers back. ------------------- Paul Davis Lancair Legacy builder pdavis@bmc.com Phone 713-918-1550 ------------------- Vivamus et amemus! Let us live and let us love!