Progress at Van’s Aircraft

Almost 85% of Van’s Aircraft customers have renewed their contracts at the revised prices, according to Clyde Hamstreet in an April 12, 2024, video update.

That was the first of three points from the video that give me hope for the future of Van’s Aircraft.

Second, Hamstreet has been in the business of helping companies in distress for 25 years and believes Van’s will survive bankruptcy because they now have a strong balance sheet and high demand for its products.

Last, going forward, kit deposits will remain in a segregated account. Funds will be held until manufacturing of the customer’s kit starts.

This last point ensures transparency and hopefully rebuilds customer confidence and trust.

Bankruptcy is tough. I’m glad to see Van’s is making progress.