Project: Mike     -     Entry

Dec 08, 2023 0.05 Vans is bankrupt.... Chapter 11 style.... Category: Misc
Well a month on and Vans officially files for Chapter 11 bankruptcy protection. So no real updates to speak of on the build. I did buy some stuff from Van's to 'help' their cash flow but it was more to give myself something to do for now. I think the only reason for writing this update is so that the automated reminder at EAA leaves me alone for another few months and to be able to look back some day on this writing and remember how bad things were.

Worst case they go insolvent and I'm left with a complete'ish empennage and a bunch of worthless wing parts. Less worse case is that they jack the prices of everything up by many double digits and it just got way more expensive to do this and the timeline stretched out even further.

It's still early in the process but it looks like in order to save Van's, it's going to get really expensive for anyone involved. For my part it appears I will be getting replacement wing kit parts sometime in the coming year, no timeline given at this point. What I don't know as of the writing of this is how much if anything that is going to cost. A judge in Oregon will eventually decide. We'll see.

In the meantime one of the things I bought from Van's was the lightbox practice kit so I will start assembling that for something to do over the upcoming holidays.

Good times!


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