Superior Air Parts held a press conference at EAA AirVenture this morning to announce that it has reduced prices on certain components, but much of the conference was devoted to the new Chinese ownership of the company and the implications for the business going forward.
Superior Air Parts CEO Tim Archer read a statement from the new chairman of Superior Aviation Beijing, and said he found only positives in the new ownership arrangement. When asked why Western investors failed to step up to acquire companies like Superior from bankruptcy, he was at a loss to explain it.
Superior is back to delivering product, though not at the level he’d like to see, Archer said. Part of this is is getting suppliers back on board as the the company has strived to work out better deals with suppliers to increase efficiencies. “We have had some small successes,” Archer said, “allowing us to roll back prices on selected parts. We pass these savings on to the customer when we can.” Price reductions apply to some of the Millennium cylinder assemblies, valve seats and gasket sets. Continue reading "Superior Air Parts Is Offering Parts Discounts, Delivering Engines"
Superior Air Parts, Inc., announced on May 23 that it has started shipping its Experimental XP Series engines to authorized dealers.
The resumption of engine shipments may not seem like news, but it is a very big step for our efforts to get our business back to where it was four years ago, said Tim Archer, president and CEO. "From a business perspective, the big picture is that we now have all of the various components and piece parts in stock to not only assemble a complete engine, but also to be able to support the needs of homebuilders and engine shops," he added. Continue reading "Superior XP Engines Ready to Ship"
Cylinder assemblies for the Lycoming 360/540 series and Continental 520 series are now being shipped by Superior Air Parts. This marks the "next phase of product reintroduction," according to the company.
"This is very exciting for everyone who has been involved with bringing the popular family of Millennium Cylinders back into production," says Timothy T. Archer, CEO, Superior Air Parts. “Everywhere I’ve gone, the first question everyone has asked has been when would the Millenniums be available? Well, I can very happily say they’re available at your Superior dealer today.”
A familiar face in the aero-engine industry, Tim Archer, has taken been appointed CEO of Superior Aviation and Superior Air Parts. Archer was President and CEO of Superior until just before the bankruptcy in early 2009. For the last year, Superior has been rebuilding with investment capital from a Chinese conglomerate. Continue reading "Tim Archer Takes Over Superior Air Parts"