OMF Insolvency
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OMF Insolvency
North-east german aircraft manufacturer OMF formally declared insolvency to the local court yesterday. This is a Situation similar to chaper 11 in the U.S.
Problems with funding in the canadian OMF factory led to losses in the german main facility, aircraft components delivered to canada were not payed for.
OMF produced the 160hp twin seater ´Symphony´ wich is aviable from simple VFR to fully IFR equipped and certified, 42 planes were delivered so far. A diesel fuel version especially for the european marked was close to certification, flight tests were almost completed. A four seater was under development.
If no new investor is found, the ´Cessna 150 of the 21st century´ a certified derivative of the very popular GlasStar and a good chance to replace the 40 year old GA planes in our flying clubs is gone
Problems with funding in the canadian OMF factory led to losses in the german main facility, aircraft components delivered to canada were not payed for.
OMF produced the 160hp twin seater ´Symphony´ wich is aviable from simple VFR to fully IFR equipped and certified, 42 planes were delivered so far. A diesel fuel version especially for the european marked was close to certification, flight tests were almost completed. A four seater was under development.
If no new investor is found, the ´Cessna 150 of the 21st century´ a certified derivative of the very popular GlasStar and a good chance to replace the 40 year old GA planes in our flying clubs is gone
Last edited by Volume; 10th Dec 2003 at 20:53.
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Bad news. Luckily Diamond appear to be doing well. They are making inroads into the US market which makes up some 90% of the world market - without that it will be very hard for a European GA manufacturer to get anywhere. Most schools/clubs don't have any money.
Awesome but Affordable
Very sorry indeed to hear the news. The OMF Symphony is a fine aeroplane and all the drawbacks with the GlasStar have been addressed including going to electrically actuated flaps. Hope the company can obtain a refinancing deal but fear the effects of reunification in Germany are eroding the benfits of "ossie" cheap labour costs. We shall see.
I test flew a GlasStar tri-gear a few years back for initial PFA permit issue and thoroughly enjoyed it as a fine touring aircraft. Tom Wathen who bought up Stoddart Hamilton in the USA and has put the GlasAir and GlasStar back into the kit plane market place is to be congratulated.
I test flew a GlasStar tri-gear a few years back for initial PFA permit issue and thoroughly enjoyed it as a fine touring aircraft. Tom Wathen who bought up Stoddart Hamilton in the USA and has put the GlasAir and GlasStar back into the kit plane market place is to be congratulated.
