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Date: Mon, 13 Mar 2000 12:50:23 -0500
From: William Hooker <WHOOK@compuserve.com>
Subject: Columbia300
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          <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>>
          <<  Lancair Builders' Mail List  >>
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>>
Some of you probably saw this in AVweb today, but here it is for the rest:

LANCAIR DELIVERS FIRST COLUMBIA 300 AS PROBLEMS LOOM
It is the best of times and the worst of times for Lancair CEO Lance
Neibauer.  Recently, Pacific Aviation Composites USA turned over the
keys of its first Columbia 300 to a paying customer.  During the
ceremony, Neibauer joked of finally being able to use the "revenue"
column in his ledger.  Prophetic words, those.  According to a local
paper, Neibauer has filed a lawsuit which claims if his company doesn't
get $6.9 million it was promised by investors, "it is unlikely it could
remain in operation."  The lawsuit, asking for $50 million, was filed
against the country of Malaysia, who promised the large part of funding.

Bill Hooker


[There is also an article on the OregonLive website that was pointed out
to me by Ted Stanley (thanks, Ted) which has a bit more detail than the
report posted in this morning's AvWeb AvFlash.  Go to 
http://www.oregonlive.com/business/00/03/bz030401.html
to see what they had to say.           <Marv>        ]
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