I actually just took delivery of a VA-132-2 last week for my pending M1B order... Typical! Pleased to have AFP injection, though.
The line in question "honoring deposits" is an expense line for Van's. It represents cash going out rather than coming in.
This line seems to have disappeared on the new budget filed yesterday
Lycoming should sell us the engines directly. There is no value add going through Vans if the contracts are significantly modified. They sell other engines directly to customers, so why not these?
Huge value add, they don't have to deal with individual customers. There's a small markup witch it baked into the price (paid for by the customer) which is taken by the distributor who is better set up to deal with the public.
Going through Van's, I'm guessing that small markup is about to get much, much larger.
That was my point. If Van's doesn't honor the deposit, it's gone. They can try to negotiate pricing with Lycoming, but how much will Lycoming be willing to bend?
There's so much here to correct.
Lycoming sets the price of the engine. Lycoming set the price I agreed upon 2 years ago. Lycoming is not in bankruptcy. How is Vans able to charge me a new price for something I essentially agreed upon with Lycoming. Lycoming knows the price I agreed upon, because I was contacted by them.. This doesn’t smell right in any way.. I will wait, but it seems like it could be a money grab.
It's one thing to lose my deposit, but I should still be in line and have my price locked in with Lycoming... Which is still cheaper than what the current Thunderbolt prices are..
I asked Lycoming that exact question, will they honor their agreed to pricing when they acknowledged our orders through Vans. I got nothing but crickets.
Being Lycoming’s biggest customer has no bearing. If Vans ceased selling engines then the Lycoming orders would go to any one of a number of other distributors. A smart distributor would campaign amongst RV builders for their business.
I don’t think this is on Lycoming to answer. Their deal is with Vans. I DO expect them to honor those prices (to Vans). The question is can Van’s afford to honor the prices they quoted us? I actually expect Van’s to be asking Lycoming to help them out by accepting less for those orders. No idea if they will agree, but since Van’s is apparently Lycoming largest single customer they (Van’s) may have some leverage.
Van's customers did not have a contract with Lycoming; it was a contract with Van's. Van's had a separate contract with Lycoming.
Being Lycoming’s biggest customer has no bearing. If Vans ceased selling engines then the Lycoming orders would go to any one of a number of other distributors. A smart distributor would campaign amongst RV builders for their business.
Lycoming acted like we had an implied contract with them. They sent us emails confirming our orders and Lycoming called and emailed us to confirm said orders and set delivery dates.
Lycoming acted like we had an implied contract with them. They sent us emails confirming our orders and Lycoming called and emailed us to confirm said orders and set delivery dates.
https://www.investopedia.com/terms/... implied contract is a,by two or more parties.
Lycoming acted like they are fulfilling a drop ship order for Van as done in many wholesale arrangements. I don’t think full filling a drop ship order constitutes an implied contract in particular as you never made any payments to Lycoming..
As said there are two contracts one between you and vans and one between vans and Lycoming. Now Vans can cancel either or both of those contracts as part of the bankruptcy.
Lycoming on the other hand can not cancel the contract as long as Vans performs under the contract ( assuming typical contractual language). Now one problem here is that Vans is not performing. They defaulted at least on one Lycoming payment. Depending on the contract language this might allow Lycoming to cancel their contract. Since we don’t have a copy of that contract hard to say. Obviously if Lycoming can and does cancel the contract there is no way for Vans to honor the contract with their customer at agreed upon prices…. .
All things we can’t know for certain without the contract to review.
Oliver
I was not aware of that - just that Lycoming is listed as a creditor. Is there a source in the Ch11 documents?They defaulted at least on one Lycoming payment.
FM-150C and a new snorkel
You will love the AFP FM150C on this engine!
I have the old snorkel on my recently new FM-150C. I did a lot of flight testing between the new snorkel and the original (Van’s used my data at Oshkosh when they discussed all this). For a parallel valve 180hp engine the new snorkel does provide a small, but measurable increase in MP.
But - after I sent the new prototype snorkel back to Van’s with a request for a copy once they got into production, no response. I suspect with all the stuff going on they had bigger fish to fry.
Carl
Tech support at VA confirmed this is a new snorkel compatible with the AFP system.I wonder if this is the new snorkel: https://store.vansaircraft.com/va-132-3.html? I have an e-mail to Van's to ask about it. My VA-132-2 that came with the firewall forward kit has a big warning sticker explicitly saying not to use it with an FM-150C.
You didn't get the request to pay the additional 12% back in January? A number of us have been getting production info and requests for final payment, so indeed things are happening.Btw this thread has been resurrected and there is still no info on engine orders as far as I know. I am in the 25% down club.
I didn’t see anything. I’ll call thanks.You didn't get the request to pay the additional 12% back in January? A number of us have been getting production info and requests for final payment, so indeed things are happening.
It was a request to agree or not to a 12% increase in price, There was no request to "pay".You didn't get the request to pay the additional 12% back in January? A number of us have been getting production info and requests for final payment, so indeed things are happening.