Revenue Stream
I would gladly invest in my -15 right now…
Revenue Stream
I would gladly invest in my -15 right now…
The -15 is a cool design
If allowed to continue
Kits~$175k
Completed~$300k
?
I think the -15 looks awesome and I hope it comes to fruition... I'm sure they have a couple guys continuing to work on it, but it should be on the backburner.
But I don't think your "investment" would help Vans right now. All order deposit money is going into a separate bank account not to be used for parts (unlike their old way). What Vans needs is to deliver kits (at I assume a new higher price).
Personally I would think it would be appropriate to make current customers who are waiting for kits/parts a priority.
I cant see the judge allowing the 15 to proceed. Starting of production must be a drain on capital, and the company has none, it is bankrupt. I dont think we will hear anymore about the -15 until the LCP issue is completely resolved and they are out of bankruptcy.
In fact, it would be a good time to sale the RV-15 to another company, "Nike aircraft?" and let a startup get that going. Unlike the other RVs, I think the RV15 does not have a lot of parts in common with the current offerings.
Again, speculation. If that is the case, then the RV-10 kits will be $300k, and $600k to finish...
It definitely is just speculation at this time.
I thought you’d already spoke of sending in deposit on the 15 a few months ago.
According to the filing, it looks like the -15 will not be shelved.
According to the filing, it looks like the -15 will not be shelved.
Agreed, though the pro forma projections just show $10k a month dedicated to the program.
Agreed, though the pro forma projections just show $10k a month dedicated to the program.
Put a Deltahawk, or other Jet A burning engine, on it and I'm in. Time to stop living in the past and take a chance on the future.
I think their biggest problems is how to get the supply chain, production and QC in place for the 15. They have demonstrated over the last two years as is readily apparent reading the bankruptcy filing that they have not been able to scale their supply chain and production to match demand in a financially beneficial manner (uneven production leading to incomplete kits). So making the supply chain more complex right now is the wrong direction. First they need to simplify the supply chain while racing prices on the existing well understood products to make the "easy" money. Then they can think about the 15.
Oliver
Put a Deltahawk, or other Jet A burning engine, on it and I'm in. Time to stop living in the past and take a chance on the future.