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.
The Flying Physicians Association (FPA) has become the latest group to lend support to third-class medical reform and urge government officials to speed up their review of the Federal Aviation Administration’s (FAA) notice of proposed rulemaking (NPRM). The NPRM would expand the number of pilots who could fly without needing to obtain a third-class medical certificate, a standard that has been successfully used by sport pilots for a decade.
California pilot Christopher Braun has created a revamped version of the cleco plier that is said to be lighter and more ergonomic.
There is no shortage of pilots in eastern Washington, but there does seem to be a scarcity of clubs in that part of the country.
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