Originally Posted by
Agile
Its Never happy to see that, a good safe product, some good jobs, and probably good value for many customers.
It makes you wonder what has lead to that, lack of capital, lack of inovation, or lack of new products?
Lack of capital led to a lack of new products and a lack of marketing. This in turn led to a lack of capital, which led...you get the idea. It's a classic death spiral. We warned our ownership this was going to happen, but it seemed to fall on deaf ears in China. They refused to invest in the company and instead funded it with debt. The result was they lost their company, we lost our jobs, and the aircraft owners are left holding the bag.
I've got pictures of the new glass cockpits we were designing. I've flown the F28/280 throttle governor (makes an easy helicopter to fly stupid easy to fly). I've got emails with companies ready to kick off new aircon systems and discussing autopilot STC's. I've got a full social media and marketing plan.We had millions of dollars in parts sales, and were working on multiple new aircraft contracts. The will was there, just not the way.
The good news is that there's a number of groups competing to buy the assets out of bankruptcy and restart the company. If they do even 1/4 of what they are promising, it's going to be great for Enstrom owners and fans. Keep the faith.
Dennis Martin
(they guy who signed the letter in the original post)