Lake Aircraft is Finding a New Owner

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What is one of the easiest ways to start an aircraft manufacturing company?

Well, buy one!!

In case the above statements tell about you, then you should seriously consider the opportunity provided by Revo Inc.

The assets of Kissimmee Florida-based Lake Aircraft are up for sale.

In case you are unable to recall, this may be quite obvious, as the company has done very little traditional advertising.

Beautiful single-engine amphibious aircraft are made by this US based company and at present it has more than 1,300 aircraft flying in more than 50 countries.

In case you are interested in purchasing this aircraft company than you may have to talk to Revo Inc. president, Armand Rivard.

And this is what he has to say – In the past four decades the majority of the Lake aircraft sales have come through word-of-mouth referrals.

So people do know and admire this amphibious aircraft.

Wondering why the company is being sold?

The president of this company is already 84 now and he is making plans to retire. This sale comes under his retirement exit plan.

Lake Aircraft has received a number of offers but none is in mature stage at present.

The company will be selling all the intellectual property and equipment required to manufacture Seafury, Lake Renegade and Seawolf airplanes.

Rivard owned the company for more than 40 years, and he has presented a rare opportunity by putting Lake Aircraft up for sale.

The buyer will have a running production line of amphibious airplanes and the manufacturing operations can start at the earliest.

It is a wonderful opportunity for someone who is looking forward to manufacture bigger and more complex aircraft.

Lake Aircraft already has FAA Type Certificate which makes start-up quite easy.

Rivard wants to sell the company to a domestic buyer and he highlighted the difficult situation he has faced already.

Back in 2015 Lake had agreement with a Chinese financial backer but everything collapsed at the very last moment after working out for nearly nine months.

He recalled another bad experience with one more Chinese financial backer.

Data published online by General Aviation Manufacturer Association since 2000 does not show a single aircraft delivered by Lake Aircraft. This leaves some buyers in mystery.

Explaining this secrecy, Rivard reasoned he never got started with reporting the delivery numbers to GAMA. He just didn’t got involved with them.

So what all is up for sale in the Lake assets –

  • Global manufacturing and marketing rights
  • FAA Type Certificate
  • Dies
  • Jigs
  • Component and assembly tolling
  • Engineering drawings

For all Lake Amphibian aircraft. The purchaser will be assisted by the team of Lake experts in the transition and continuing the production.

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