Contact: Tom Bowen
541.923.2244 - X136
tbowen@lancair.com
Lancair
Looks to the Future With New Financial Strength,
And
New Management Team
Company Will
Re-Double Focus On Customer Service and
New World-class
Evolution Turboprop
Redmond OR; 7.6.10- Mr. Gene
Wolstenholme, new majority owner and Chairman of LCTIILancair
International, today announced the
injection of new operating capital and a new management
team at aircraft manufacturer
Lancair International. "We are focused on the future," said
Wolstenholme, "We have a
world-class product in our 320 knot, $1.2 million Evolution owner-built
aircraft. With five Evolutions flying, and 24 customer orders,
we're off to a great start and we are
going to push though this
down-economy and get our incredible airplane to market."
In announcing the new ownership, Mr.
Wolstenholme also announced new company leadership.
Mr. Wolstenholme will be
LCTl/Lancair International Chairman, and Robert Wolstenholme was
named President & CEO of
LCTl/Lancair International. "I have been associated with Lancair
aircraft since 1990. Flying is, and
has always been my passion and this new direction is a
chance to bring our proven
management skills together with Lancair's high performance
products with a focus on customer
satisfaction."
Bob Wolstenholme comes from an
extensive background in manufacturing. Wolstenholme
Machine located in Colmar, PA, specializes in precision parts
for the medical, aerospace, and
telecommunication industries.
Subsidiary WMrobots designs and builds robots for bomb
disposal and mine detectors for the US and Canadian
markets. Bob built and flies his own
award winning Lancair IVP. As
President & CEO, Bob Wolstenholme will oversee all business &
management functions of LCTl/Lancair
International.
Tom Bowen, whose General Aviation
management and engineering experience spans 3
decades, will continue to head
company operations management and is the principal
spokesman for the company. He said,
"This is a real win for general aviation and Lancair
customers. But it is an even a
bigger win for Lancair employees, their families, and the
communities of Redmond
and Bend, Oregon.
It is no secret that the Central Oregon area
continues to suffer through double
digit unemployment, and this once vibrant aerospace
manufacturing center has also
suffered with the failures of Epic and Columbia.
I am determined
to do everything I can to maintain
Lancair as a world-class company and to grow it into the
future as we continue to design,
build and service premium aircraft."
Joe Bartels, CEO of LCTl/Lancair
International, since 2003, resigned as President and CEO
according to the terms of a June 7,
2010, investment agreement, and will remain a minority
percentage owner of LCTl/Lancair
International. "Joe did a great job overseeing development
the Evolution
aircraft," said Bob Wolstenholme, "and we now need
to move ahead and expand the
manufacturing infrastructure and
training programs to support the Evolution product
line.
Lancair
International is an Oregon Corporation and a leader in composite
technology and aircraft design. Lancair
International
actively marlfets the advanced, 4-place Evolution, and the 2-place retractable
and fixed-gear Legacy
aircraft and
supports a host of high-performance Lancair International kit aircraft models.
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