Van’s Aircraft is curtailing normal business functions for two weeks as staff and management focus on saving the company from a serious cash crunch. As reported by KITPLANES Editor Marc Cook, Van's founder Richard VanGrunsven announced Oct. 27 that the process, to be aided by a business crisis consulting company, will address “serious cash flow issues, which must be addressed quickly to ensure ongoing operations. We are confident that we can work through this situation, but some changes are required,” he says. VanGrunsven, in the explanatory video above, said he and his wife have kept the company afloat for the past two months by lending it operating capital and that can't go on forever. Van’s posted an extensive explanation of the situation. (You can read it here.)
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/cash-strapped-vans-announces-recovery-plan