Pacific Aerospace Ltd. - Under New Management (Edited Title)

[madmac]

Jun 10, 2021 9:02:52 GMT 12 Peter Lewis said:

Feb 12, 2021 18:46:21 GMT 12 exkiwiforces said:

I wouldn’t be surprised if the current Chinese owners have deliberately force PAC into liquidation by asset stripping PAC and therefore move all of the design and manufacturing to China. So they can avoid their obligations as laid out the Foreign Investment Commission when the National Government approval the sale of this once great Kiwi manufacturing company.

Just saying

Possibly some similarity with Icon?

www.avweb.com/aviation-news/icon-stockholders-sue-to-block-alleged-illegal-technology-transfer-to-china/?MailingID=631&utm_source=ActiveCampaign&utm_medium=email&utm_content=Icon+Shareholder+Revolt%2C+Boeing+CEO+Talks+Aerion&utm_campaign=Icon+Shareholder+Revolt%2C+Boeing+CEO+Talks+Aerion%2C+Wednesday%2C+June+9%2C+2021

PAL's only got type design IP, don't think there would any unique manufacturing / design capacity IP, its pretty simple sheet bashing. ICON might have a bit of unique manufacturing capacity IP realting to composites, but basically it appears more about removing the capacity from existence. The small manufacturing "can" scale rapidly when resourced.

[Dave Homewood]

Can’t read it because it’s behind a paywall, but somebody may have a subscription..? Good positive news by the look of it.

www.nzherald.co.nz/business/pacific-aerospace-making-a-comeback-under-new-owners-after-liquidation-nosedive/DO7ANTIZR3PIXYYSH7PML2GTOE/

[Dave Homewood]

Good news, this was posted to Facebook by a friend.

[Deleted]

Excellent, thanks Dave and friend.

[harrysone]

I know both new owners well, a really nice couple with very good financial sense and strong aviation backgrounds Neil & Dee amoungst a myriad of other things have been members & crew of the Catalina Group for years (or NZCPS as its now called) They own & operate Mercer Aerodrome and both also developed and in part on-sold the Tuakau Tavern & associated Motel

[johnm]

you'd think some cooperative relationship will be formed between Cresco operators (particularly phosphate) and the new pacific aerospace owners ?

I hope this evolves to make some benefit (can't see how it can't if the Cresco (and variants) product is valued)

[oj]

Good news indeed.
What a shame the staff photo supplied was so poorly produced.
I hope someone might get a decent copy to post here so we can see who the unnamed are ...

[Peter Lewis]

[Dave Homewood]

A new article

www.smartaviation-apac.com/2022/01/new-zealands-pacific-aerospace-restarts-production-under-new-owners/