Van’s Enters Chapter 11 Bankruptcy

Van’s Aircraft announced on December 4 that it had filed for Chapter 11 bankruptcy protection. The company pointed to recent material and financial challenges and emphasized the move is crucial for its reorganization. The kitplane manufacturer said 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, including material challenges, such as a debacle with faulty primer that caused corrosion in many kits and problems with its transition to laser-cut parts. These challenges led to significant cash-flow issues. “During that time, Van’s built up a significant and high-value parts inventory,” the company said in a statement. “As we manufacture the additional parts needed to balance this inventory, we will leverage it to fulfill orders…