“Rumors of our demise have been greatly exaggerated.” That’s the word from Evolution Aircraft Company as they delivered to Flying an update at EAA AirVenture 2019. “We never went bankrupt or out of business,” says Mark Jean, president of the company.
Evolution Aircraft Streamlines Business But Pushes Forward
Key Takeaways:
- Evolution Aircraft Company is still in business and actively producing kits on a limited basis, refuting rumors of its demise or bankruptcy.
- The company has retained key employees and maintained parts and service support for its owners throughout a period of operational changes.
- Evolution is close to securing a deal with investor groups to restart full-scale production, having focused on reducing cash outflow and addressing core engineering and manufacturing issues.
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