''Van's Aircraft's '' ses mis sous la "Loi de la Protection

[VMF-214]

de la Faillite"!

Depuis Lundi le. 4 décembre(2023), la compagnie ''Van's Aircraft (Van's)'', s'est mis sur le ''Chapitre No. (#): 11, aux États-Unis.

Selon les ''Information d'AvWeb'', 1,500 ''Clients'' qui ont mis un ''Dépôt'', sur un ''Total'' de 3,500 ''Commandes'', pour des ''Pièces ou Ensemble (Kit) d'avions. Ils ont jusqu'au 15 janvier, 2024, pour acceptez une ''Augmentation de prix (a venir, après l'acceptation du ou des Tribunaux(x), des ''Propositions déposer''!) Si ''NON'', les ''Clients'' pourraient ''Perdre leur Dépôt''!

Dans les ''Termes des Propositions'' déposez ''Lundi''. ''Van's'' aurait proposé que, les ''Clients qui accepteront l’Augmentation de Prix (a déterminer plus tard?)''! Alors, les ''Dépôt'' des ''Ancien Contrats'' seront, appliquer sur les ''Nouveau Contrats aux Prix Réviser''.

Si les ''Clients'', n'accepte pas la ''Proposition, des Nouveau Contact Réviser''! Alors, leur ''Commande'' sera ''Annuler''! Et, ''Ils'' devront, faire ajouté leur ''Nom'' sur, la ''Longue Liste des Créanciers (possiblement à la fin de cette ''Liste'' après, les ''Banque, ...).

Si la ''Court'' acceptes les ''Propositions de Van's''? Les ''Clients qui ont accepté ''l'Augmentation de Prix''. Si la compagnie ''Van's'', survie? Recevrons un ''Courriel (E-mail) avec un ''Lien'', pour savoir leur ''Augmentation de Prix et leur Nouveau Contrat''! Qu’ils devront ''Accepte''.

Dans le ''Dépôt des Proportions a la Court''. ''Van's'', disent qu'il perde actuellement de ''l'Argent'' sur chacune des ''Commandes''! S'ils sont exécuter, selon les ''Termes Actuelle ou si les ''Commandes'' ne seront pas ''Exécuter'' selon les ''Nouveau Terme'' suite aux ''Propositions'' déposez!

La ''Rejection'' de certain ''Ancien Contrats'', est critique a la ''Survie de Van's'', ainsi qu'à la ''Réorganisation a long terme de Van's''!

Actuellement, les ''Propositions'', ne s'appliquera qu'aux ''Marchandise/Pièces'' produites par ''Van's''. Pour les ''Clients'' qui ont aussi des ''Ententes/Contrats/Dépôt'' avec des ''Tiers Parties relie a Van's''! Ses ''Transactions'' seront révisez ''Séparément''? ''Van's'', disent qu’ils auront des ''Discutions'' avec les autres ''Fournisseurs'', afin d'avoir de ou la ou les ''Meilleur Entente(s)''?

Voici le ‘’Lien, pour l’Article en Anglais’’ : De M. Russ Niles,


https://www.avweb.com/aviation-news/van ... 6847712A1Y" onclick="window.open(this.href);return false;

Van’s Customers Must Accept Higher Prices or Risk Losing Deposits

By
Russ Niles
-
Published:December 5, 2023Updated:December 6, 2023

About 1,500 customers who have put deposits on a total of 3,500 orders for airplane kits, parts and complete aircraft at Van’s Aircraft will have until Jan. 15, 2024, to accept price increases or risk losing their deposits. As part of Van’s Chapter 11 filing on Monday (posted by a commenter on the vansairforce forum), the company submitted a motion which, if approved, would allow the customers to apply their deposits to a revised purchase agreement. If they don’t take the deal, their order will be canceled and they will become one of those on a long list of creditors who will have to make claims in the bankruptcy case to get their deposits refunded. If the court approves the plan, all those who’ve made deposits will get an email with links to a portal where the details of their proposed new purchase agreement will be outlined. They will be able to accept or reject the terms through the portal.
In the filing, the company says it will lose money on all those orders if they are executed under the original terms and that if it doesn’t get permission from the court to increase the prices the future of the company will be in doubt. “Rejection of certain Customer Contracts at this time is critical to [the company’s] near and long term reorganization prospects,” the filing said. The petition only applies to merchandise produced by Van’s. Some customers have also put deposits on engines, avionics and propellers made by third-party vendors and those transactions will be dealt with separately. The filing said Van’s “will be in discussions with those third party vendors to determine what can be offered to those customers.”

A, suivre, mes deux cents,

Jacques

[VMF-214]

VAN'S AIRCRAFT (Van's), doivent entre $10 a $50 Millions a entre 250 a 500,000 ''Créanciers''!

Selon les documents dans la ''Proposition aux Créanciers du Chapitre No. (#) 11, aux États-Unis (Proposition)'', qui donne une protection, pour aux moins les prochain 90 jours.

Dans la ''Proposition'', ''Van's'' doit nome au moins les 20 premier ''Créanciers'' au minimum. ''Van's'' leurs doit 1.474 Million $. La ''Balance'' des ''Sommes'', est due par ''Van's'' sont pour les autres 25 - 50,000 ''Créanciers''.

Selon la ''Proposition'', ''Van's'' dit qu'il y a de ''Bonne Nouvelles'' à venir?

Selon la ''Proposition'', voici un aperçu des premiers ''20 Créanciers'' et leur montant due:
- Au No. (#) 1, on retrouve ''LYCOMING ENGINE'', pour un montant de 598,323$;

- Au No (#) 2, on retrouve ''PACIFIC METAL Co., Tualatio OR'', pour un montant de 229,640.62$;

- Au No. (#) 3, Le fabricant d'hélice ''HARTZELL'', pour un montant de 130,056.34$;

- Au No. (#) 4, Un ''Individu, au TEXAS'' pour un montant de 87,500.02$;

- Au No. (#) 5, Un ''Créancier (non divulgué par ''AvWeb'') pour un montant de 63,889.28$;

Tant qu'aux ''Autres Créanciers'' entre le No. (#) 6 et le 20ieme ''Créancier''! Les ''Montants'' varient entre 63,889.28$ et 35,438.90$

- Au No. (#) 20, Ce ''Créancier'' a une "Factures de 35,438.90$

Voici, les ''Dernière Nouvelles 6 décembre, 2023.

Voici le ‘’Lien, pour l’Article en Anglais’’ : De M. Russ Niles

https://www.avweb.com/aviation-news/van ... 6847712A1Y" onclick="window.open(this.href);return false;

Van’s Owes More Than $10 Million To More Than 25,000 Creditors
By
Russ Niles
-
Published:December 6, 2023Updated:December 7, 2023
15

Van’s Aircraft owes a lot of creditors relatively modest amounts of money, according to legal filings relating to the case. In its bankruptcy petition, the company says it owes from $10 to $50 million, but the top 20 creditors listed on its bankruptcy petition are only owed a fraction of that. The balance is owed to 25,000-50,000 creditors. The distribution of the balance of the debt beyond the top 20 isn’t included in the filing. There is some positive news for those owed money. Van’s says on the filing it expects to have funds “available for distribution to unsecured creditors.”
The largest single creditor is Lycoming, which is owed $598,323. Metal supplier Pacific Metal Company, of Tualatin, Oregon, is on the hook for $219,640.62 and Hartzell has $130,056.34 on its books. Number 4 on the list is a legal settlement to an individual in Texas in the amount of $87,500.02. Van’s was required to list the top 20 creditors in its filing and most of the remaining 16 on the list are businesses that provide goods or services to Van’s. The amounts owed range from $63,889.28 for No. 5 to $35,428.90 for the No. 20 creditor.


Mes deux cents

Jacques

[VMF-214]

Le ''Plaidoyer des Représentants de Van's''!

''Van's'' espère que 70% de ses ''Clients'' vont accepte l'Augmentation de Prix'', selon les ''Représentations en Court''.

Les ''Représentants de Van's'', ont mentionné a la ''Court'', que ''l'Augmentation de Prix (des Pièces & Services de Van's) seraient au alentour de 30%, sur les ''Commandes passes''?

Les ''Avocats'' étaient en ''Court'' hier, (jeudi) pour ''Continuer et Planifier, les Prochaines Étapes du Processus de Restructurations. Le ''Juge'' a posé de multiples questions sur le ''Processus de Réorganisation''. La prochaine date d' ''Audience'' aurait été fixé pour le 19 décembre (2023), ou plus de ''Décisions / Actions'' seront prises.

Entre temps, la ''Court'' a accepté que ''Van's'' continue ''ses Operations de Manufacturier et ses ''Envoies d'Ensemble (Kits)''.

NOTE: Les ''Clients'' qui n'accepteront pas ''l'Augmentation de Prix''. Ceux-ci se retrouveront, le cas échéant, après avoir déposé une demande de ''Créancier'' au processus de ''Faite de Van's'', comme ''Créancier de Dernier Rang (En fin de Pleton, ou ''Non Prioritaires).

L'Annonce de ''Van's'' du Lundi 4 décembre (2023), a cause un ''Grand Émoi'' dans ''l'Aviation Générale (AG/''GA'')''! La ''EAA & l'OAPA'', surveillent l'évolution de la ''Situation et les Développements''!

Selon ''Van's'', ils font et vont faire tous en leur(s) pouvoir(s) pour revenir ''Profitable''!

NOTE: Tant ''l'EAA que l'AOPA'' mentionnent que si vous êtes ''Impacter par un ou des Achat(s) et/ou Dépôt(s) chez Van's''? Il est \''TRES IMPORTANT de Respecter les Délais de Réponse! Ceci afin, de maintenir votre priorité et sécurisé le ou les ''Montant(s) Dépose(s)''.

Voici le ‘’Lien, pour l’Article en Anglais’’ : De M. Russ Niles

https://www.avweb.com/aviation-news/van ... 6847712A1Y" onclick="window.open(this.href);return false;


Van’s Expects 70 Percent Buy-In On Price Increase
By
Russ Niles
-
Published:December 8, 2023

Representatives of Van’s Aircraft told an Oregon bankruptcy court they expect about 70 percent of existing customers to accept a price increase (reported to be 30 percent) on the parts they have on order with the company. Company officials and lawyers were in court on Thursday to begin the process of moving the company into Chapter 11 reorganization. They dealt mainly with procedural issues and answered numerous questions from the judge in the case. Another hearing is planned for Dec. 19 where more decisions on the process going forward are expected. In the meantime, the court agreed to allow Van’s to continue basic business operations, including manufacturing and delivery of ready-to-ship kits and parts.
A major part of the reorganization is restoring profitability from the sale of parts and structures, and there are more than 3,500 orders, placed by more than 1,500 customers, that will be subject to a price increase. In its filings before the court, Van’s has proposed that existing customers be allowed to accept the price increase and continue receiving parts. If they reject the price increase, they could forfeit the deposits they made on those parts and end up in the large pool of unsecured creditors to recover their money, or a portion of it, through the bankruptcy process.
The enormity of the case has sent ripples through the GA industry, and both EAA and AOPA say they are keeping a close eye on the developments. “Van’s is doing everything it can to continue operations and return to profitability,” EAA said in a statement to AVweb. “EAA is going to respect that process as they move it forward.” AOPA urged members who are Van’s customers to keep track of the proceedings. AOPA stresses that if you have dealt with Van’s in the past, “you need to be watching for any notices or claim deadlines,” AOPA said in a statement to AVweb. “If you do not comply with the notices or deadlines, you could lose any opportunity to recoup costs.”


Mes deux cents,

Jacques

[VMF-214]

Mesdames et Messieurs,

Voici un premier article en ‘’Anglais de la revue ‘’PLANE & PILOT’’.

Van’s Aircraft Announces Chapter 11 Filing
Dick VanGrunsven steps in to help the company weather the storm.
By Plane & Pilot UPDATED DECEMBER 6, 2023

vans-rv-8.jpg

Van's Aircraft announced Monday (December 04, 2023) that it had filed for Chapter 11 bankruptcy protection. The company pointed to recent material and financial challenges and emphasized that this move is crucial for its reorganization.


Van’s stated it will maintain operations, producing and delivering parts, servicing customers, and fulfilling kit orders, operating under court supervision for 90 days.
Van’s cited recent contributing factors in its statement, including that it faced material challenges such as a debacle with faulty primer, which caused corrosion in many kits, and problems with its transition to laser-cut parts. These challenges led to significant cash-flow problems.

“During that time, Van’s built up a significant and high-value parts inventory. As we manufacture the additional parts needed to balance this inventory, we will leverage it to fulfill orders for kits and parts over the next 12 to 18 months,” the statement says.

Van’s acknowledged the hardship caused to its stakeholders by the Chapter 11 filing, including customers, suppliers, and employees—but expressed the necessity for these changes to secure the company’s future.

Lien pour le ‘’Vidéo, sur ‘’YOUTUBE’’:
https://www.youtube.com/watch?v=D4rWWokdchQ&t=32s" onclick="window.open(this.href);return false;


The company (Van's) provided updates on internal programs addressing inventory control, manufacturing delays, and issues with laser-cut parts. It has developed and revised strategies for impacted customer groups, including those needing replacement parts, customers with kit deposits, and those with deposits on engines, propellers, and avionics.

Prices, including for parts, will likely see a blanket increase. Van’s founder, Dick VanGrunsven, who had been essentially retired, has stepped in to help the company financially, according to the declaration, submitted by Clyde Hamstreet of Hamstreet & Associates. In addition to loaning the company more than $10 million in the last two years, the declaration indicates VanGrunsven plans to seek court approval for a post-petition loan from the VanGrunsven Trust, up to $6 million.

Customers with laser-cut parts will receive detailed lists of what’s affected, and they can expect replacement parts by the end of 2024, according to the statement. Those with kit orders will be contacted within 7 to 10 days, offering to apply existing deposits with “new terms and conditions including an increase in price.” Shipping for in-stock kit orders is expected to resume within a similar timeframe.

Editor’s note: This story originally appeared on Kitplanes.com.


Voici un deuxième article en ‘’Anglais de la revue ‘’PLANE & PILOT’’.


How Did Van’s Get To a Chapter 11 Filing?
Marc Cook delves into the forces and challenges that led the kitplane manufacturer to this point.
By Plane & Pilot UPDATED DECEMBER 7, 2023.

Van’s Aircraft filing for Chapter 11 bankruptcy protection this week begs the question: How can the largest and most successful company in the kit-aircraft world find itself in this situation? With more than 11,000 RVs flying and record kit sales over the last three years, it seemed Van’s was set for success.

• READ MORE: Van’s Aircraft Announces Chapter 11 Filing

But countering the success of the company’s (Van's) designs and their unprecedented popularity were challenges compounded by the COVID pandemic, a failure by a key supplier and missteps of its own. Monday’s (December 04, 2023) Chapter 11 filing gives some clues to the situation Van’s faces that pushed the company into a form of bankruptcy that most often precedes a reorganization and recovery. (Van’s is not liquidating. Chapter 11 is designed to give a company some relief from liabilities and enable a reorganization into a sustainable business.)

In the Chapter 11 declaration is this summary: “Until recently Van’s operated successfully without bank loans or other lines of credit, relying on customer deposits and earnings for its working capital.” But then Van’s faced “a combination of unforeseen, significant events occurring over a relatively short period of time increased Debtor’s [Van’s Aircraft’s] costs, doubled its normal inventory levels, slowed deliveries, and strained Debtor’s cash flow to the breaking point.” Support from founder Dick VanGrunsven since September have kept the company afloat.

One could argue that Van’s trouble started with an issue regarding quickbuild kits. The offshore constructor failed to adequately corrosion-proof parts of the assembly, which led Van’s to a time-consuming side project to understand the nature of the problem and its scope, and construct a remedy. The issue is described in the declaration as a “multi-million-dollar setback” for Van’s. Moreover, it contributed to a growing backlog in ordered kits and extended delivery times for customers.

At the same time, there was unprecedented demand for kits during the early stages of COVID. (In fact, the entire homebuilt industry witnessed a surge in popularity, with all major kit manufacturers reporting greatly increased sales in 2020 and 2021.) For Van’s, kit sales rose from 1594 during 2019 (already a very good number for the company) to 2508 in 2020 and 3982 in 2021. According to the filing, revenue actually decreased from $31.5 million in 2019 to $31.1 million in 2020, despite a 1000-unit increase in orders. Van’s didn’t get the bulk of the kit payment until shipment. In 2021, however, the big increases in order began to show up in revenue, increasing to $37.6 million in 2021 and $52.6 million in 2022. Net income, as described in the declaration, was $2.6 million in 2019, $3 million in 2020, but dropped to $2.1 million in 2021 as investments to increase capacity began to appear in the financials. In 2022, Van’s net income turned red, with a loss of $3.3 million; it lost $1 million through the end of August this year against revenues of $43 million.

It’s important to understand that Van’s was already operating at or near capacity in 2019. Along with technical changes to the kits over time that placed more work at the factory (steps the builder would not have to perform, an expectation in the modern kit-aircraft world), Van’s found itself with greatly increased demand and set about finding ways to meet it.

Because the vast majority of the company’s kit parts are known as “pre-punched” parts and the machines that do the punching formed the production roadblock, Van’s looked for ways to increase capacity by outsourcing some of this step. One way was to have the parts normally punched instead have their holes cut by a laser. This is a common method for automating manufacture of sheet metal parts, along with CNC routers, punches and water-jet cutting. In fact, Van’s had been using laser cutting for some parts and then elected to laser-cut more of them.

• READ MORE: Affordable Aircraft News-Tecnam, Van’s, and More

Builders began to notice that some laser-cut parts would crack during the dimpling process—where the metal is formed for the purpose of installing flush rivets—and that eventually started Van’s engineering department down the path of discovering why this was happening. Many builders felt that Van’s was slow to acknowledge the problem and that by the time it did, there was a significant quantity of laser-cut parts out in the world. Van’s turned its full attention to the problem and identified the parts in question—more recently, they were able to far more accurately predict which specific airplane kits were likely to have the suspect parts. Latest estimates are that some 1800 kits are affected.

These issues would challenge many companies but they were compounded by other events, as the declaration shows. “Van’s order file doubled in the 2020 and 2021 period. At the same time, supply chain issues, and supplier shutdowns slowed productions of key components, increasing back orders and delaying order completions, requiring Debtor to hire and train more staff. Wages increased, and shipping costs rose more than four-fold during this period. Stated simply, without realizing it, Debtor was selling a high volume of aircraft kits below its cost. The combination of all these factors overstressed Van’s workforce, operating support systems and management skills resulting in a series of one-off but very costly errors.” The declaration also notes that, “Some of its senior employees with deep familiarity with both office and manufacturing process workings chose to retire during COVID.”

The picture painted is of a company (Van's) overwhelmed by overlapping challenges, started by the primer issue with quickbuild kits and followed closely by a global pandemic that simultaneously cut into its manufacturing capacity, dramatically increased costs and, perhaps ironically, also greatly boosted demand. That in the effort to catch up with demand the company also lost track of internal costs and failed to increase kit prices (as one remedy) is one inescapable takeaway from the factual descriptions in the Chapter 11 declaration—and a good indication of the remedies needed to define its path forward.

Editor’s Note: This commentary was originally published on kitplanes.com.

[VMF-214]

60 pourcent des ‘’Clients’’ de ‘’Van’s’’ on accepter l’augmentation de prix.

Autour de 60 pourcent (60%) des premier ‘’Clients’’ contactez ont accepté l’augmentation de 32 pourcent (32%) pour maintenir leur ‘’Commande’’ et ont aussi accepté la réduction d’Options disponible.

À l’audition devant la ‘’Court’’ le 19 décembre (2023), sur l’évolution des procédures de ‘’faillite’’. ‘’Van’s Airraft’’ a rapporté que 300 sur 500 ‘’Clients’’ ont accepté les ‘Augmentation de prix (32%)’’ dans les premier 24 heures d’avoir reçu leur ‘’Courriel’’. Ils restent encore environ 1,000 ‘’Courriel’’, dont les ‘’Clients’’ devront accepter ‘’l’Augmentation des Conditions’’ avant la date limite du 15 janvier, 2024. Les ‘’Clients’’ qui ont accepté les ‘’Nouvelles Conditions’’ verrons leur ‘’Dépôt’’ retenue envers leur ‘’Nouveau Contrat’’, en attendant de recevoir le ‘’Nouveau Montant à payer’’! Les ‘’Clients’’ qui n’accepteront pas les ‘’Nouvelles Conditions’’ devront entreprendre les ‘’Procédures Judiciaire’’ en tant que ‘’Créancier Non-prioritaire (Unsecure Creditors).

Lors de la ‘’Séance du 5 décembre (2023) à la ‘’Court’’, les ‘’huissiers de Faillite’’ avaient estimé que 70 pourcent (70%) allaient ‘’Accepté les Nouvelles conditions que Van’s Aircraft’’ proposait! Le magazine ‘’KITPLANE’’ a reporté que ‘’Van’s Aircraft’’ avait commencé d’envoyer les ‘’Courriels’, dès le ‘’Lundi, suivant’’. Seulement les ‘’Clients’’ qui avaient des ‘’Pièces’’ produites par ‘’Van’s Aircraft’’ ont reçu le ‘’Courriel pour les Nouvelles conditions’’ à accepter. Les ‘’Clients’’ ayant mis des ‘’Dépôt’’ sur des ‘’Moteurs, Hélices, Avioniques et autres Pièces & Équipements (produits par d’autres ‘’Fournisseurs’’)’’ n’ont pas reçu de ‘’Courriel’’. ‘’Van’s Aircraft’’ est toujours en ‘’Négociation’’ avec les ‘’Autres fournisseurs’’ afin de faire une ‘’Proposition’’ aux ‘Clients’’ impliqués.

NOTE : ‘’Van’s Aircraft’’ avait estimé une augmentation de 32 pourcent (32%) si, 70 pourcent (70%) acceptaient les ‘’Nouveaux Contrats imposant des Augmentation’’. Cependant, à date, seulement 60 pourcent (60% (300/500)), ce qui pourrait provoquer deux choses : La première; soit que ‘’Van’s Aircraft’’ devra faire faillite, vue un nombre ‘’Insuffisant d’Acceptation’’. Ou, que ‘’Van’s Aircraft’’ augmente plus le pourcentage de ‘’l’Augmentation de Prix de leur Produits’’? Mon estimation de ‘’l’Augmentation de Prix’’ seraient comme suit. Si, 70% des ‘’Clients’’, avaient acceptés, alors les ‘’Prix’’ auraient été de 32% selon ‘’Van’s Air raft’’. Alors, si seulement 60% des ‘’Clients’’, acceptes ‘’l’Augmentation de Prix’, mon estimé est que les ‘’Prix des items sous contrôle de ‘’Van’s Aircraft’’’’, pourraient augmenter d’environ 45 pourcent (45%)?

Voici la copie de l’Article en Anglais :

Site Internet : https://www.avweb.com/aviation-news/mos ... 6847712A1Y" onclick="window.open(this.href);return false;

Most_Van’s_Customers_Agree_To_Price_Increases_By_Russ Niles,_-_Published_December_19,_2023.

Most Van’s Customers Agree To Price Increases

By: Russ Niles, - Published: December 19, 2023

About 60 percent of the first Van’s Aircraft customers contacted have immediately agreed to continue with their orders despite an average 32 percent price increase and reduced flexibility in customizing their aircraft. At a bankruptcy court hearing into the company’s Chapter 11 filing on Tuesday, the company reported about 300 of the first 500 customers on the notification list signed new agreements within 24 hours of receiving formal notification from Van’s. There are about 1,000 more emails to be sent and the deadline for agreeing to the new terms is Jan. 15. Those who agree will have any deposits they paid for kits or parts applied to the final cost of their orders. Those who don’t accept the new deal will lose their deposit to the pool of unsecured creditors and will have to try to recoup their money through the bankruptcy creditor disbursement process.

When it informed the court of the price increase plan at a hearing two weeks ago, the company said it estimated that about 70 percent of customers would go for the new deal. ’’KITPLANES’’ reported the company began sending out the notices on Monday. Only those with orders for items produced by Van have got the notices. Those who put money down on engines, avionics and some other third-party-supplied merchandise did not get notices. Van’s is still taking to the vendors of those goods about the offers to customers.

Mes deux cents,

Jacques

[VMF-214]

Van's, avait donné jusqu'au Lundi 15 janvier 2024, a ses "Clients" pour accepter une augmentation minimum de 32 - 35 % sur leur(s) "Commande(s) passer avant le 4 décembre 2023!

La première nouvelle des "Clients" avait été que seulement 60% a accepter!

Lundi le 15 janvier 2024, était un jour férié aux Etats-Unis ((Martin Lutherking jr.). Aujourd'hui, mercredi le 17 janvier 2024, il n'y a pas de "Communiqué" autant sur le "Site Web de Van's et/ou d'AvWeb".

Un autre information que j'ai peu trouver. C'est que si "Van's", ne peut se "Rétablir"? Les "Créanciers" ont jusqu'au 22 février 2024, pour déposez une "Requête" pour remboursement a la "Court de l'Etat de l'Oregon"!

Mes deux cents,

Jacques

P. S.: L' "Ingénierie de Van's", ont fait exécuté une "Recherche Exhaustive sur les fissures (Cracks) de Fabrication par perssage au Lazer"! L' "Ingénierie de Van's", a publier une "Video," disponible sur "YouTube" et sur leur "Site Web" de deux (2) heures (2:00)!

Les "Informations Expliqués dans ce Video", ébranles les "Collones du Temple de l'Aviation/Aéronautique/Aérospatiale! A date, après un visionnement exhaustique de 20 minutes avec arrêts fréquents, pour prendre des "Notes". J'ai sept (7) pages de "Notes Manuscrit"!

L' "Ingénierie de Van's" a montré les "Résultat des Essais multiples" a deux "Ingénieurs Aéronautique/Aérospatiale", ceux ci ont approuver la manière que "Van's" on procéder et a deux autres somiters, en Aviation! Don un (1) des deux, ait M. Vic Syracuse (A&P, IA (Etats-Unis)/TEA/AME (Canada)), une "Somitee" sur tous les "RV de Van's"!

Tous les quatres (4), ont été "Impressionner et ont accepter les Résultats et Conclusions des Essais et Tests"!

[Louis_greniier]

Un résumé ici tiré du vidéo de deux heures

[VMF-214]

Dynon Announces “Relief” For RV Builders

By : Marc Cook, - January 30, 2024

Dynon Avionics announced today that it is offering a 5% rebate on certain Dynon and Advanced Flight Systems products for RV builders in an effort to help offset some of the cost increases those builders have experienced recently.
“The world of experimental aircraft builders is a small one,” says company president Robert Hamilton. “I’ve met many of you at Oshkosh and other shows over the years, and I know the commitment it takes to build and maintain your own airplane. When some of us have misfortune, it is felt by all of us. We’re in this together. The difficulties that Van’s has experienced over the last six months is known to us. We have seen the effects through decreased sales to RV builders, and know the pain firsthand from our own employees who are in the process of building RVs.”
The company’s program amounts to a 5% rebate on Dynon or AFS products purchased between January 30 and April 15, 2024, which is the end of Sun ‘n Fun. The products include both large and small SkyView HDX displays, the Advanced Flight Systems AF-6600 display, all the popular accessories (ADAHRS units, engine monitoring, etc.) as well as Dynon’s remote transponder and com radios.

“Because we know that some kit lead times may be longer than usual, we will also warrant these products for an additional year (4 years, instead of the usual 3),” says Dynon, noting that for the builders to be eligible they will have to provide “documentation from you showing proof that you are an affected customer.”
Hamilton concludes with, “We are experimental builders and owners here at Dynon, and our goal has always been to help make it affordable for anyone and everyone who wants to fly. That is our mission, and has been for 24 years.”

Marc Cook
Marc Cook is a veteran special-interest journalist who started as a staffer at AOPA Pilot in the late 1980s. Marc has built two airplanes, an Aero Designs Pulsar XP and a Glasair Aviation Sportsman, and now owns a 180-hp, steam-gauge-adjacent GlaStar based in western Oregon. Marc has 5000 hours spread over 200-plus types and four decades of flying.

Site Internet: https://www.kitplanes.com/dynon-announc ... -builders/" onclick="window.open(this.href);return false;

[VMF-214]

''Van’s Aircraft'', as annoncé le 27 janvier, 2024. Les augmentions pour les Différents Ensembles et par Fournisseurs.

Voici le lien Internet, pour l’Article en Anglais de ''VAN's Aircraft'' sur les augmentations : https://www.vansaircraft.com/2024/01/up ... it-orders/" onclick="window.open(this.href);return false;

Voici l'article en anglais:

UPDATE FOR CUSTOMERS WITH OPEN ENGINE/POWERPLANT, PROPELLER AND AVIONICS KIT ORDERS

POSTED: January 27, 2024

When Van’s filed for Chapter 11 protection in early December, many of our customers had open orders and deposits on various Van’s airframe kits and third-party items including engines, propellers, avionics kits, and powerplant kits. Several weeks ago, Van’s sent notice to customers with deposits on aircraft kits stating that these orders contained terms, conditions, and pricing that Van’s could not perform and that these orders needed to be modified or canceled. The deadline to modify or reject those orders is January 31, 2024. Since that notice, the rate of customer reorders has been high and we appreciate our customers’ support and engagement.

Over the past several weeks, we have been working through open customer orders and related deposits on hundreds of third-party items. In the next few days, we will begin sending official notices to customers with these open orders, informing them of the price changes that Van’s is making on each order. The official notice each customer receives will contain a link to a web portal where each customer can review their specific price increase. Customers who receive these notices will be given 14 days to decide whether to accept or reject these modified orders.

We realize that many customers with orders for Van’s airframe kits who are facing the January 31 deadline also have open orders for third-party items. Some of those customers have been waiting to see what their cost increases will be on these third-party items before deciding whether to modify or reject their airframe kit orders. If you receive an official notice to modify or reject a third-party item order and you have not yet decided to modify or reject your airframe kit order, your deadline to modify or reject your airframe kit order is extended to the same date by which you must decide to modify or reject your third-party item order.

Below is a summary of the approximate price increase by major group type on third-party components. If you accept our modified offer, Van’s will apply 100% of your prior deposit(s) toward the same product(s) on your revised order.

• Hartzell propellers: 3% increase to the original order price. (Due to special accommodations made by Hartzell, Van’s was able to keep this increase to a minimum.)

• Sensenich propellers: 6% increase to the original order price.

• MT propellers: 6% increase to the original order price.

• RV-12/12iS Avionics Kits: 6% increase to the original order price.

• RV-12/12iS Powerplant Kits: 6% increase to the original order price.

• Lycoming: either a 12% increase to the original order price, or 2024 pricing, whichever is lower.

We know these price increases create hardship for our customers. However, without taking these steps and making these price changes, there simply is not a feasible path forward for Van’s Aircraft. Increasing these prices allows us to remain in business to provide parts, kits, and support for the thousands of builders and owners of Van’s products, and to be around to support each of you for years to come.

Jacques

[VMF-214]

Van’s Exceeds Expectations on Kit and Engine Re-Orders


By: Marc Cook - February 17, 2024

Van’s Aircraft posed a video today updating builders on Chapter 11 progress, which is “on schedule and going smoothly.” “We’ve had an overwhelming response, more than we expected,” said Greg Hughes, who shared the video with Van’s founder Dick VanGrunsven., on the subject of customer re-orders.

Vidéo, de 8 minutes et 12 secondes. Site Internet: https://www.youtube.com/watch?v=fnSxXp_cxsc" onclick="window.open(this.href);return false;

Originally, Van’s was hoping for an overall re-order rate of 70% after builders were asked to agree to new, higher kit prices and higher prices on accessories such as engines, propellers and avionics. According to Hughes, the overall response rate has been more than 81%, including a 93% re-order rate on engines and a 78% re-order rate on airframe components. Van’s has extended the order period to February 22 at 11:59 p.m.

Van’s has picked up the pace on kit deliveries, having crated more than 250 kits in the last six weeks and continues to produce and ship replacement components for builders who want to replace their laser-cut parts in existing kits. Van’s has so far provided parts to some 9% of the affected kits.
The Chapter 11 restructuring plan is due to be submitted in early March.

Dick VanGrunsven also announced that the RV-15 is “ongoing” and that the development process will be accelerating soon. (Oregon’s winter weather isn’t exactly conducive to flight testing.)

Marc Cook

Marc Cook is a veteran special-interest journalist who started as a staffer at AOPA Pilot in the late 1980s. Marc has built two airplanes, an Aero Designs Pulsar XP and a Glasair Aviation Sportsman, and now owns a 180-hp, steam-gauge-adjacent GlaStar based in western Oregon. Marc has 5000 hours spread over 200-plus types and four decades of flying.

2 COMMENTS:

1. lukeleveillee@msn.com February 20, 2024 At 1:03 pm
Great,
This financial mess, with no fault on my part, has personally cost me an extra $10,000 (engine I ordered Nov 2022), OR lose my $20,000 deposit. It hurts to see them smile in video.
Not a happy customer!

Reply:

2. Bryan Karlan February 23, 2024 At 6:09 pm
What is a “re-order”?


Jacques


Bon visionnement,

Jacques

[VMF-214]

Article de KITPLANES :

Van’s Posts Video Update on March 27, 2024.

By: Marc Cook, - March 27, 2024.

Article de ''KITPLANES'' : https://www.kitplanes.com/vans-posts-vi ... arch-2024/" onclick="window.open(this.href);return false;


Van’s Aircraft posted a video update today on its progress through Chapter 11 bankruptcy. Among the high points offered by Greg Hughes:
• The company expects to file its reorganization plan at the end of March.
• The company has delivered 375 kits since late December, averaging about 30 kits a week.
• More than 360 orders including replacements for laser-cut parts have been shipped
Of those kits “reordered” after the change in price earlier this year, some 30% of those kits have been shipped.
• In the next few weeks, the company will be reposting lead times for kit components on its website. Previously, the lead times were in a fairly broad range but have been removed since the reorganization began.
• The RV-15 project is “alive and well” although it has been delayed by the company’s reorganization. It’s not likely the RV-15 will be at AirVenture this year (the company is not attending Sun ‘n Fun) because it’ll be going through its next set of iterations at the factory.
• Regarding orders of Lycoming engines through Van’s, “quite a few” engines will be built in April and May (no numbers given) and it’s hoped that this effort can be “ramped up,” according to Van’s.
• The company resumed tours and demo flights “a couple of weeks ago,” according to Hughes.
• Van’s is also hiring. (See the video for a quick list of openings, more here.)

Marc Cook

Marc Cook is a veteran special-interest journalist who started as a staffer at AOPA Pilot in the late 1980s. Marc has built two airplanes, an Aero Designs Pulsar XP and a Glasair Aviation Sportsman, and now owns a 180-hp, steam-gauge-adjacent GlaStar based in western Oregon. Marc has 5000 hours spread over 200-plus types and four decades of flying.

[VMF-214]

VAN’s, as déposé vendredi le 29 mars (2024) son plan de restructuration à la Court.

VAN’S AIRCRAFT CHAPTER 11 REORGANIZATION PLAN FILED

POSTED: March 29, 2024.

Friday, March 29, 2024.

On Friday evening, Van’s Aircraft filed its Chapter 11 Plan of Reorganization with the Federal Bankruptcy Court. The filing will be complete after the court sets various hearing dates and the judge signs a certificate making it an official court document. This usually takes 3-5 days. Then, a copy of the officially filed plan is mailed to the same approximately 40 thousand people that were notified at the time Van’s filed bankruptcy. Those people who have claims against the company receive ballots so they can vote either for or against the plan. Votes will be collected by Van’s attorneys, tallied, and reported to the court as it considers whether to approve or reject the plan.

Van’s customers who made deposits on their orders prior to the bankruptcy and chose not to renew their orders and have valid claims will have their claims classified as Priority and/or Unsecured claims. Priority claims will be paid upon confirmation of the plan or as soon as allowed, and the unsecured claims will be paid at an estimated rate of 55% of the unsecured amount over the course of the next three years. Had the company liquidated rather than reorganizing under Chapter 11, it is estimated that creditors would have received only 4% of their claim amounts.

The existing skilled, hardworking team at Van’s has made solid progress toward its recovery goals since the initial filing in December and is shipping many kits, parts, and orders to customers each week. To assist the existing Van’s team, the plan calls for adding new positions in quality control, engineering, accounting, and technology. In addition, the plan includes funding to replace equipment and install new business systems, including an MRP system.

Van’s will share additional information related to the plan filing after the court has completed its next steps, sometime next week.