Lake Aircraft assets for sale
Revo Inc. is offering for sale the assets of Lake Aircraft, an FAA-certified single-engine amphibious airplane.
Revo is selling all the intellectual property and equipment needed to manufacture the Lake Renegade, Seafury and Seawolf airplanes, according to company officials. Assets include the FAA Type Certificate (#1A13), global manufacturing and marketing rights, component and assembly tooling, dies, jigs and engineering drawings for the Lake amphibian airplanes. A team of Lake experts also will be available to assist in the transition and production, according to company officials.
“The sale of Lake Aircraft is a rare opportunity to quickly set up manufacturing operations and continue production of the successful line of amphibious airplanes,” said Armand Rivard, president of Revo Inc., the Lake Aircraft holding company. “In the worldwide general aviation market, the Lake amphibian has no FAA-certified competition in production today.”
This is not the first time Rivard has tried to sell the Lake assets. In 2002, he sold them to a former Martin-Marietta and Lockheed engineer, Wadi Rahim, who founded LanShe Aerospace LLC in a deal that quickly ended up embroiled in several lawsuits. The Lake assets reverted back to Rivard after LanShe closed its doors in 2004.
In 2005, Rivard tried to sell the assets at a first-of-its-kind auction at AirVenture. While several bidders registered and the auction drew a large crowd, not one bid was made on the assets.
For more information: 407-847-8080 or LakeAmphib.com.
