Russian MRO Provider
Acquires Oregon Based Epic Aircraft
By Jim Douglas
March 10, 2012 - Epic Aircraft the privately-owned aviation company that specializes in kit aircraft announced it will be acquired by Engineering LLC, Russia's premier Maintenance, Repair and Overhaul (MRO) provider.
The move enables both companies to leverage each other's
core strengths while continuing to expand upon the same
great level of ongoing commitment, products and services
to all its stakeholders.
The move allows Engineering LLC to leverage Epic Aircraft's leading kit aircraft manufacturing knowledge and will allow Epic to expand its services and offerings to a more global audience.
help seamlessly execute this transition, Engineering LLC
has assembled an expert board of experienced industry
leaders to ensure continued positive growth for the
community, employees, customers and vendors of both
Engineering LLC and Epic Aircraft. Epic Aircraft CEO
Douglas King will retain his position ensuring the
mission of committed success for both companies
continues moving forward.
exciting to be a part of Epic Aircraft's next chapter. Working
together with Engineering LLC, Epic will be able to extend our
great commitment and dedication to the aircraft manufacturing
industry including our customers, employees, vendors and all
other stakeholders. This will be a truly significant move for
the future of both companies," said Douglas King, CEO of Epic
Epic Aircraft employees will benefit from Engineering LLC's
industry-advanced tools and resources as they become available
to the company's manufacturing and business operations within
the Bend community. With a commitment to ensure the security,
safety and happiness of all employees, the Engineering LLC and
Epic Aircraft management teams are working together to provide
an environment that allows all of their employees to contribute
to future success. Following the growth this deal will create,
Epic Aircraft will immediately begin hiring at all levels of the
pleased to bring aboard Doug and Epic Aircraft's industry
knowledge and expertise. Being able to collaborate with Epic
Aircraft's years of experience in the manufacturing industry
will allow Engineering LLC and Epic Aircraft to enter a new
industry of services and aircraft manufacturing that will lead
us both to continued success in the future," added Engineering
LLC General Director Vladimir Perekrestov.
Under Engineering LLC, Epic Aircraft will continue to manufacture and sell its existing line of aircraft to current and prospective customers and will offer current customers the ability to trade up previous purchases for a new Epic once certification has been approved.
The Epic LT line
will remain in production using Epic Aircraft and Engineering LLC's
combined advanced resources to complete orders of the kit aircraft more
quickly and secure certification. By heightening the emphasis on the
Epic LT, Engineering LLC makes a commitment to continue Epic Aircraft's
pursuit of the certification process, moving it beyond the experimental
market to provide a truly refined product for the entire industry.
Epic Aircraft is a
high performance airplane manufacturer based in Bend, Oregon. The
company specializes in manufacturing turbine kit aircraft models
including the Epic Escape and Epic LT.
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