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"