Good spot - I was going to make the same observations as you did.
It was interesting to note that the article mentioned debts of 700,000 (or
$1.3m to our Atlantic cousins).
This equates to 700 per kit - seems a bit expensive for a research and
development fund into .........?
As an aside has anyone had any feedback on what Ivan thinks of this
(financial) development in his design.
Steve Pitt #403 Trigear
----- Original Message -----
From: "Carl Pattinson" <carl_p@ntlworld.com>
Subject: Europa-List: Europa Administration
>
> Hi All,
>
> Dont know if anybody saw the article in the Mail On Sunday financial
> section. Headed "Award- winning plane maker grounded by debt" there was a
> picture of Ivan Shaw with the Duke of Edinburgh. The caption Captivated
the
> Duke of Edinburgh with "another observer". I was surprised the paper didnt
> bother to find out who Ivan is but then maybe the omission of his name was
> deliberate.
>
> The article went on to say that KW said the problems were down to "the
next
> project which took longer and cost more than anticipated". I wasnt aware
> they were working on anything unless he meant the glider wings???
>
> I suspect the article was an attempt by the administrator to attract an
> investor with deep pockets. Hope it works.
>
> Carl & Dot
> G-LABS
>
>
|