“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 clarified that they are not out of business or bankrupt, despite rumors.
- The company continues to produce kits in a limited capacity and has maintained parts support and service for owners.
- They are close to finalizing a deal with investor groups to enable the restart of full-scale production.
- Evolution has made internal changes, including reducing cash outflow and narrowing their focus to address engineering and manufacturing.
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