Cyclic Hotline
20th Aug 2003, 08:25
This is the NTSB report referenced. (http://www.ntsb.gov/ntsb/brief.asp?ev_id=20020502X00613&key=1)
Ballistic Recovery Systems, Inc., Named in Product Liability Lawsuits
Tuesday August 19, 6:34 pm ET
SOUTH ST. PAUL, Minn., Aug. 19 /PRNewswire-FirstCall/ -- Ballistic Recovery Systems, Inc. (OTC Bulletin Board: BRSI - News) announced today that they have been named, along with Cirrus Design Corporation and Wings Aloft, Inc., in two product liability lawsuits filed in the United States District Court, Northern District of New York, related to a Cirrus Design Corporation Model SR22 aircraft accident that crashed in Parish, New York on April 24, 2002, resulting in two fatalities.
The Company intends to review the claims made in the lawsuits and the facts surrounding the accident, including any reports made by the National Transportation Safety Board (NTSB) and the Federal Aviation Administration (FAA) relating to the accident and respond appropriately.
About Ballistic Recovery Systems, Inc.
Ballistic Recovery Systems, Inc. designs, manufactures and distributes rocket deployed whole-aircraft emergency parachute systems for use on general aviation and recreational aircraft. The emergency parachute systems are intended for use in the event of an in-air emergency and are designed to bring down the entire aircraft and its occupants under the parachute canopy.
Ballistic Recovery Systems, Inc., Named in Product Liability Lawsuits
Tuesday August 19, 6:34 pm ET
SOUTH ST. PAUL, Minn., Aug. 19 /PRNewswire-FirstCall/ -- Ballistic Recovery Systems, Inc. (OTC Bulletin Board: BRSI - News) announced today that they have been named, along with Cirrus Design Corporation and Wings Aloft, Inc., in two product liability lawsuits filed in the United States District Court, Northern District of New York, related to a Cirrus Design Corporation Model SR22 aircraft accident that crashed in Parish, New York on April 24, 2002, resulting in two fatalities.
The Company intends to review the claims made in the lawsuits and the facts surrounding the accident, including any reports made by the National Transportation Safety Board (NTSB) and the Federal Aviation Administration (FAA) relating to the accident and respond appropriately.
About Ballistic Recovery Systems, Inc.
Ballistic Recovery Systems, Inc. designs, manufactures and distributes rocket deployed whole-aircraft emergency parachute systems for use on general aviation and recreational aircraft. The emergency parachute systems are intended for use in the event of an in-air emergency and are designed to bring down the entire aircraft and its occupants under the parachute canopy.