News, facts, and comments on the coming revolution for piston-engine aircraft.
News of May 08, 2005
How long was SMA in Chapter 11, and why?
Several web publishers have correctly mentioned that in February 05, SMA filed for Chapter 11 in France. This was in fact a transitional stage lasting as long as the old stockholders (SNECMA, Renault Motors and EADS) came to an agreement about who would face SMA's financial obligations, and how. In April, a provisional restructuring was put in place by which SNECMA was facing all of SMA's obligations and became the sole owner. This allowed an exit from the Chapter 11 status. The restructuring is provisional because SNECMA's merger with SAGEM (aerospace components, French leader) has been announced and is in the closing process. When it will be completed, SMA will be directly a subsidiary of SAFRAN, the new name of the group resulting of the merger.
posted at 12:17 PM
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Every month: news, facts, and comments on the coming revolution for piston-engines aircrafts between 130 and 400 HP: Retrofitting a diesel engine to run on Jetfuel or Kerosene, reduce Gallons/Hour by some 30%, eliminate ignition systems (magnetos, spark plugs) and their problems, eliminate mixture control, increase TBO to 2,400-3,000 hours, increase performance between 6,000 and 12,500 ft., and drastically reduce Operating Costs.
The letter is intended for piston engines aircraft owners, manufacturers, fleet operators and FBOs, re-manufacturers of engines for these aircrafts, manufacturers of engine components and ancillaries, and all professionals acting in decisions of engine exchange or refitting at TBO, in North and South America, Pacific Rim, African continent, and all parts of the world were Avgas, Mogas, Kerosene and Jetfuel are available.
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