Epic Aircraft, the Bend, Ore., manufacturer of speedy turboprop kit aircraft called the LT, has been sold to a Russian company. In a news release, Epic describes its new owner, Engineering LLC, as "Russia's premier maintenance, repair and overhaul (MRO) provider." The Russian company intends to certify the LT but will keep making the kits, too. CEO Doug King, who essentially led a group of builders with partly completed airplanes in the acquisition of the kit side of Epic when the original company went under three years ago, will stay in his position. "It's exciting to be a part of Epic Aircraft's next chapter. Working together with Engineering LLC, Epic willbe able to extend our great commitment and dedication to the aircraft manufacturing industry including our customers, employees, vendors and all other stakeholders. This will be a truly significant move for the future of both companies," King said.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/epic-sold-to-russian-firm