No.23_Triggers Posted April 22, 2020 Posted April 22, 2020 Saw this today on TVAL's website. A real, real shame.
Zooropa_Fly Posted April 22, 2020 Posted April 22, 2020 (edited) 7 hours ago, NO.20_W_M_Thomson said: It'll pass buddy it'll pass. That's not what they're telling us, this is last chance saloon. Edited April 22, 2020 by Zooropa_Fly
vonrickenbecker Posted April 22, 2020 Posted April 22, 2020 Sad news! I very much hope this is just a temporary shutdown.
US63_SpadLivesMatter Posted April 22, 2020 Posted April 22, 2020 This isn't as bad as I expected. When I saw the topic I was worried that another enthusiast had been killed by one of their planes.
NO.20_W_M_Thomson Posted April 22, 2020 Posted April 22, 2020 7 hours ago, Zooropa_Fly said: That's not what they're telling us, this is last chance saloon. Will be if people don't follow the advice of doctors and scientists. Stop going to the damn beaches and hanging out like a bunch of walruses. 1 1 1
JGr2/J5_Klugermann Posted April 22, 2020 Posted April 22, 2020 Damn, I was going to buy one after I got my stimulus check. 2
FTC_Snowy Posted April 22, 2020 Posted April 22, 2020 (edited) This may have had some influence on this sad event: https://www.lawsociety.org.nz/news-and-communications/latest-news/news/serious-fraud-office-charges-laid-in-the-vintage-aviator-case https://www.sfo.govt.nz/eugene-demarco-jailed-for-defrauding-aircraft-company Edited April 22, 2020 by Snowy Another link added
J5_HellCat_ Posted April 22, 2020 Posted April 22, 2020 30 minutes ago, Tycoon said: What company is this? http://www.thevintageaviator.co.nz/
Cynic_Al Posted April 22, 2020 Posted April 22, 2020 14 hours ago, Zooropa_Fly said: That's not what they're telling us, this is last chance saloon. The ambiguous syntax makes it hard to tell what they're telling us. 1
Feathered_IV Posted April 23, 2020 Posted April 23, 2020 It looks like the court case surrounding Gene DeMarco selling one or more of TVAL’s aircraft and pocketing the cash has opened up the company for wider investigation. Peter Jackson’s other company, Wingnut Wings has closed down also.
US103_Baer Posted April 23, 2020 Posted April 23, 2020 To me it reads cost control. They probably let go most of the staff related to production, retaining just those needed for maintenance. The vintage flying season has just ended in NZ and winter is coming. The court case was a while back and they didn't make any such announcement till now, so I don't think it's directly related. However it's clear when reading more deeply into the case that operational costs could well have been under pressure prior to that and PJ started looking into cost control himself, which led to discoveries, and ultimately the charges.
NO.20_Krispy_Duck Posted April 23, 2020 Posted April 23, 2020 It's bad news either way, whether shorter term or longer term. TVAL was making some very nice reproductions, including reproduction parts, gauge, etc. It seemed to be a very high quality level of reproduction aircraft. Hopefully things will improve once this whole thing passes.
Cybermat47 Posted April 23, 2020 Posted April 23, 2020 18 hours ago, Zooropa_Fly said: That's not what they're telling us, this is last chance saloon. “For the foreseeable future” makes it sound more like a temporary thing.
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