KatanaPilot
Well Known Member
From Penn Yan Aero
I reached out today to the owner of Penn Yan Aero to see if he wanted to respond to the accusation of price gouging on Lycoming crankshafts. Here is his response (posted with permission)
What many don’t know is that all suppliers raised their prices in July. Some 320 and 360 crankshaft prices went up 14-40%! And that’s IF you can get them. Penn Yan Aero’s margins have not gone up. Trust me when I tell you that no one is profiting from this situation.
We have hundreds of engines in process that can not be built because we are missing parts that can not be sourced.
And Yes ECi is gone but remember Continental purchased the company. Those PMA parts are still being built and advertised under the PRIME name albeit at a much higher price.
Our phones are ringing off the hook with aircraft owners and shops begging for parts. The GA folks need to understand the situation out there right now. It is no joke.
I reached out today to the owner of Penn Yan Aero to see if he wanted to respond to the accusation of price gouging on Lycoming crankshafts. Here is his response (posted with permission)
What many don’t know is that all suppliers raised their prices in July. Some 320 and 360 crankshaft prices went up 14-40%! And that’s IF you can get them. Penn Yan Aero’s margins have not gone up. Trust me when I tell you that no one is profiting from this situation.
We have hundreds of engines in process that can not be built because we are missing parts that can not be sourced.
And Yes ECi is gone but remember Continental purchased the company. Those PMA parts are still being built and advertised under the PRIME name albeit at a much higher price.
Our phones are ringing off the hook with aircraft owners and shops begging for parts. The GA folks need to understand the situation out there right now. It is no joke.