New Capital and New Management For Lancair

Lancair International announced today that Gene Wolstenholme is the new majority owner. Previous owner, Joe Bartels, has resigned his position as President and CEO, but will remain a minority owner of the company.

According to a press release today, Wolstenholme will bring "new operating capital and a new management team."

"We are focused on the future," said Wolstenholme, "We have a world-class product in our 320-knot, $1.2 million Evolution owner-built aircraft.  With five aircraft flying, and 24 customer orders, we’re off to a great start and we are going to focus on pushing through this down-economy and getting our incredible airplane to market."

Gene Wolstenholme, as the new majority owner and Chairman, announced also that Bob Wolstenholme will be the new President and CEO; he built and is flying a Lancair IV-P.

According to the company, Tom Bowen "will continue to head company operations management and is the principal spokesman for the company." Bowen said, "This is a real win for general aviation and Lancair customers. But it is an even a bigger win for Lancair employees, their families, and the communities of Redmond and Bend, Oregon.  It is no secret that the Central Oregon area continues to suffer through double digit unemployment, and this once vibrant aerospace manufacturing center has also suffered with the failures of Epic and Columbia. I am determined to do everything I can to maintain Lancair as a world-class company and to grow it into the future as we continue to design, build and service premium aircraft."

For more information, visit the Lancair website.

KITPLANES Editor at Large Marc Cook has been in aviation journalism for 23 years and in magazine work for more than 25. He is a 4500-hour instrument-rated, multi-engine pilot with experience in nearly 150 types. He’s completed two kit aircraft, an Aero Designs Pulsar XP and a Glastar Sportsman 2+2.

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