April 7, 2011
By Alton K. Marsh
A federal bankruptcy judge in Delaware has approved the purchase of the assets of Emivest Aerospace, the former Sino Swearingen manufacturer of the SJ30 business jet, by Metalcraft Technologies (MTI) of Cedar City, Utah. The company made the tail section of the SJ30, according to a report in the San Antonio Express-News .
MTI has worked with Boeing, Northrop Grumman, Lockheed Martin, and The Nordam Group. There are also reports that Emivest Aerospace is attempting to sell the manufacturing building sitting on leased land at the Martinsburg, W.Va., airport. An airport official there has confirmed to The Journal , a Martinsburg newspaper, that bids on the building are expected soon by Emivest officials. The official, Eastern West Virginia Regional Airport Authority Chairman Rick Wachtel, told the newspaper that his board refused a request from a New York City law firm to give up its right to approve a change in ownership of the building.
The reported offer includes $3.5 million in cash and nearly $1.7 million in payments associated with one of the SJ30 jets in production. Creditors have in the past objected to any sale prior to their getting paid. The deal was approved April 7.
AOPA Pilot Senior Editor Alton Marsh has been a pilot since 1970 and has an airline transport pilot certificate and instrument and multiengine flight instructor certificates, aerobatic training, and a commercial seaplane certificate.
As the cold weather chills AOPA’s Headquarters in Frederick, many of us are inside generating new resources for flying clubs.
In my house, every Friday night is “Movie Night.” While the movies are rarely educational (I don’t think I learned anything from the Lego Movie), we look forward to the weekly opportunity to spend time together. Why not use the same concept for your Flying Club (with the addition of education, of course)?
AOPA Flying Club Manager Kelby Ferwerda posted the following on the AOPA Flying Club Facebook Page: “Recently I’ve talked with quite a few Flying Clubs about maintaining social activity through the cold winter months. Some clubs host Holliday Parties, others have Potluck Movie Nights. What does your club do to keep members involved during the chilly months?”
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