FLYING BC - March 2002
FLYING BC - February 2003
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Flight Deck Café
& Gift Shop
Open Daily - 8AM to 5:30PM
Penticton’s Best Kept Secret Inside the Airport Terminal
Gift Shop features gifts from the Okanagan Valley
Show Pilot Licence
for 10% Discount
Featured in our Gift Shop Now! We're Penticton's Only Source!
with food purchase
February Coupon Special
Penticton Flying Club
COPA Flight 50
Annual Meeting, Election Night and Fund Raising Auction is March 11, 2003
Get into the attic and find something you no longer need or want, and bring it along to the meeting. Some sucker might just pay for it, and help the Flying Club, too.
You know they invented wheelbarrows to teach FAA inspectors to walk on their hind legs.
— Marty Caidin
What is that mountain goat doing way up here in the clouds?
— Gary Larson, in a well-known 'Farside' cartoon.
Death is just nature's way of telling you to watch your airspeed.
Buttons . . . check. Dials . . . check. Switches . . . check. Little colored lights . . . check.
— The Bill Waterson comic character Calvin, of 'Cavin and Hobbes.' fame.
Somebody said that carrier pilots were the best in the world, and they must be or there wouldn't be any of them left alive.
— Ernie Pyle
Commander Aircraft Co., manufacturer of the Commander 114/115 series of high-performance single-engine aircraft, filed for bankruptcy protection in a Delaware court last month.
Based in Bethany, Okla., Commander is a subsidiary of Aviation General Inc., which acquired it in 1998. It listed around $10 million each in assets and debts in Chapter 11 papers filed in U.S. Bankruptcy Court in Wilmington, Del.
Commander said it chose bankruptcy after several lost orders caused a cash shortage. The company said a weak economy, the decline in General Aviation activity after 9-11, and anxiety over possible terrorist activities and the potential of war with Iraq hurt its business.
A spokesman said that Commander needed to sell 10-12 planes a year to remain solvent. But it delivered only seven in 2002, according to General Aviation Manufacturers Association figures.
In court papers, Commander said it had almost no cash, so it asked the judge for permission to obtain a $250,000 loan. One of its largest unsecured creditors is the IRS, which it owes more than $400,000 in employee federal withholding taxes.
"We look forward to discussions with financially qualified principals interested in refinancing, merging or acquiring the company," Aviation General CEO Wirt Walker told the Tulsa World. Meanwhile, he added, "operations will go on as usual."
COMMANDER AIRCRAFT FILES
FOR CHAPTER 11 BANKRUPTCY