Mailing List lml@lancaironline.net Message #55613
From: <Sky2high@aol.com>
Sender: <marv@lancaironline.net>
Subject: Re: [LML] Lancair news
Date: Tue, 06 Jul 2010 22:27:25 -0400
To: <lml@lancaironline.net>
Wow!
 
Congratulation to the Wolstenholmes and especially Bob - I have had the pleasure of talking with him a number of times over the years.  He and his IV actually won a race even though he had to stop and fix a landing gear problem..........
 
It is good to hear that Lancair will continue  to move forward under such capable hands.
 
It is interesting to read that the IV/IVP and ES series have apparently come to the end of kit production, much like the 200 and 300 series aircraft.
 
Scott Krueger
 
In a message dated 7/6/2010 3:05:04 P.M. Central Daylight Time, JustinH@lancair.com writes:

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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