About 60 percent of the first Van's Aircraft customers contacted have immediately agreed to continue with their orders despite an average 32 percent price increase and reduced flexibility in customizing their aircraft. At a bankruptcy court hearing into the company's Chapter 11 filing on Tuesday, the company reported about 300 of the first 500 customers on the notification list signed new agreements within 24 hours of receiving formal notification from Van's. There are about 1,000 more emails to be sent and the deadline for agreeing to the new terms is Jan. 15. Those who agree will have any deposits they paid for kits or parts applied to the final cost of their orders. Those who don't accept the new deal will lose their deposit to the pool of unsecured creditors and will have to try to recoup their money through the bankruptcy creditor disbursement process.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/most-vans-customers-agree-to-price-increases