...As Bellanca Assets
Purchased...
A
small maintenance company and some former employees of the Bellanca Aircraft
factory in Alexandria,
Minn., have joined forces to dig that company
out of receivership. Kevin Sather, owner of Weber's Aero Repair, which is also
on the field at Alexandria, said his
firm and four senior Bellanca managers have formed Alexandria Aircraft LLC and
were the successful bidders for Bellanca's assets. The
deal closed last Thursday. Bellanca went bankrupt in January under the weight of
about $1 million in unpaid fees and fines to state and federal agencies. Sather
said the new company's first priority is to resume manufacturing of parts for
the estimated 1,300 Bellancas still registered. Before they can do that, there's
a backlog of drawings, updates, and FAA paperwork to tackle. "It's kind of
overwhelming," Sather told AVweb. "There's a lot of things to be done." Fortunately for the new
company, the right people seem to be in place to do them. Weber's is a Bellanca
maintenance specialist and Sather's new partners include the engineer,
electrical expert, wood fabricator and machinist from the former factory. "We've
kind of covered all our bases," he said. Sather said the new company plans to
reduce prices for parts and make them more accessible. "Hopefully, we're going
to be the best thing for the owners."
...Wood And Fabric
Fans Cheer
That's music to the ears of Ron Bianci and hundreds
of other Bellanca owners who've been on pins and needles since the company's
collapse. "We've been looking for something," Bianci
told AVweb. "When you buy something, you want
somebody to stand behind it." Bianci said problems with the factory started several years
ago. Despite them, however, he said Bellanca owners remained passionate about
their airplanes. "We call it the best-kept secret flying," said Bianci, a former racing car driver who has owned his 1974
Viking for 14 years. He said he's flown just about every other type of piston
single and the wood-and-fabric Bellanca has always remained his favorite. Over
the years Bellanca has produced about five variants including a tri-tailed,
conventional-gear model. Both Lycoming and Continental engines ranging from 230
to 300 horsepower have been used.