Originally Posted by
Dennis at Enstrom
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. .... 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.
Thanks for closing the loop for us, Sincerely hoping for a transition that leads to better things for all of you.