OKLAHOMA CITY, March 27 /PRNewswire/ -- Quartz Mountain Aerospace, Inc.,
based in Altus, OK, announced that it is showcasing the Federal Aviation
Administration Type Certified model of a $200,000, four-seat, high-winged
Model 11E single-engine airplane today at the Wiley Post Airport in Oklahoma
(Photo: http://www.newscom.com/cgi-bin/prnh/20060327/NYM169 )
The company, formerly known as Luscombe Aircraft Corp., explained that the
Model 11E, which will be used primarily as a trainer, is an adaptation of the
Luscombe Model 11A, introduced in 1946. The new model is distinguished by
superior in-flight and landing stability.
The company said that it already has commitments for its first few years
of planned production of Model 11E. It is planning to produce about 68
aircraft during the 12 months beginning in September, ramping up to 250
aircraft, or about $50 million in sales for the 12 months starting in
September 2007, and 300 aircraft and sales of $60 million during the following
John S. Daniel, Quartz Mountain's president and chief operating officer,
said, "Our ability to start manufacturing and to amass the financial resources
we need to ramp up production over the next few years has and will continue to
require substantial financial resources."
The Oklahoma Department of Career and Technology Education ("Career Tech")
is a state-funded agency that provides employment training, among other
objectives. Through its Southwest Technology Center (SWTC) in Altus, they are
providing specialized and customized training for those in the Southwest
Oklahoma. SWTC is collaborating with Quartz Mountain Aerospace (QMA) to
customize curricula for the various trades associated with the Model 11E.
SWTC's first class of trained students are now employed at QMA. They have a
second class scheduled for graduation in May of 2006. For convenience and
hands-on instruction the SWTC school is conducted in a facility adjacent to
the QMA manufacturing facility.
"As those in the aircraft industry know," Daniel added, "getting a new
plane certified is a major feat. The confidence and support of Oklahoma has
gotten us this far, and we expect to repay this support with a boost to the
rural areas of the state by adding jobs and stimulating their economy."
"Based on present sales commitments," said Daniel, a former top production
executive of Cessna Aircraft, and acknowledged leader in single-engine
aircraft manufacturing, "We are anticipating a 20% annual sales growth after
our second year of production, so that by year four of production, beginning
September 2009, we would be manufacturing up 360 aircraft in a 12-month
period, which translates into approximately $72 million in sales."
Daniel said that Quartz Mountain Aerospace has purchase commitments from
Global Aviation Partners, which represents more than 100 flight schools
throughout the country.
Col. Geno Redman (USAF, ret.), head of economic development for area, said
that 300 aircraft per year would add about 300 new jobs at the company itself.
In addition, another 100 plus jobs will be created at the company's
manufacturing suppliers in Alva, Ardmore, Tulsa, Oklahoma City and other
Oklahoma-based companies. Quartz Mountain Aerospace is headquartered at Altus,
in Jackson County, which lost 2.15 percent of its population between 2004 and
2005. Only one county in the nation suffered a larger loss.
Col. Redman also noted that while Quartz Mountain Aerospace is a good
start, southwest Oklahoma must continue to work on a number of upcoming
projects that utilize the resources of the area in an effort to stabilize the
economic and population base of the region. Currently, Col. Redman is working
with Quartz Mountain Aerospace to identify and relocate a second light
aircraft company that needs production capacity to the Altus area in an
attempt to double the work force to 600. Other projects include a recently
announced joint use facility with the Altus Air Force Base. Based on aircraft
manufacturing industry salaries, the initial 400 jobs are equal to an annual
payroll of about $17 million.
About the 185 Horsepower Model 11E
The Model 11E is a four-place, single-engine, fuel-injected, tricycle-
gear, all-metal aircraft, with superb performance and handling
characteristics, and a spacious utility interior. New nose wheel steering
aids the sturdiness of the craft and helps pilots establish a level of ground
directional control that no other aircraft in its class can achieve. The climb
rate is 876 feet-per-minute. Normal cruise rate is 133 mph. The plane has a
range of 575 miles with fuel capacity of 40 gallons. The fuel-injected engine
produces 185 hp at only 2450 RPM consuming a mere 7.4 gallons per hour. The
model is extremely sturdy.
Richard Stern John S. Daniel
Stern & Co. Quartz Mountain
SOURCE Quartz Mountain Aerospace, Inc.