The International Cessna^® 170 Association

The implications of Textron Lycoming acquiring Suprior are concerning.

Example: "Lycoming’s purchase includes only Superior’s assets,...." This reminds me of when I had a contractural aircraft brokerage agreement with my bank to sell their aircraft. When they were taken over by another bank (which acquired only the "assets" of my bank....) .... I found out that one of the "assets" was my home mortgage and personal loans, which were being called for immediate payment by the new owners. But since they'd acquired only "assets" , and not "liabilities" (i.e., the money they owed me for my having sold their aircraft for them)... the end-result was that I owed them thousands less than they owed me... but I had to pay them money I did not have....yet they didn't have to pay me.... so that I could afford to pay them. A "catch 22".

Oh, did I mention that my bank ...actually was my employer? And that when they were taken over by the new bank that my job was ended? (They already had their own flight dept.) So on one spring day in 1986, my house mortgage went from 11% to 14%, (because I no longer qualified for an employee discounted loan rate).. the mortgage was called immediatley due in full (because I no longer met a loan requirement of not being un-employed )... and yet they did not have to pay me my money (which was their liability) but I had to pay them (their "assets".)

So.... I wonder if Superior will honor their "liabilities"...i.e., their warranty on sold product?

The end of Superior and the sale of it's assets to it's competitor (Lycoming) will mean no competition for Lycoming. VERY BAD FOR US. True Conitnental still makes most parts for our engine but it's competition was Superior and I wouldn't be surprised to find Superior actually made more parts, but no more. VERY VERY BAD FOR US.

I predict nothing good will become of this and it will be one more nail in the coffin of old aircraft and the ability of anyone with an average income to participate in aviation.

Makes me glad I bought ECI...

Miles

Up early, heh Miles?

Looks to me as a serious loss of competitive priceing in the aircraft engine parts field. I hope the bankruptcy court squashes it.

gahorn wrote:Up early, heh Miles?

George, The gubmint out here starts at 7am, and they still think I need to be here to support them. The commute is an hour plus a bit, and I don't like to leave home without breakfast. Do the math... It's a good thing my internal clock is still on Central time after all these years.

Miles

I have been looking for Cont cylinders and have been told they aren't making them.