I read the Chapter 11 reorganization plan which includes the following categories:
I fall into the first four categories but I also made full payment on a kit that hasn't been delivered. It seems this should be an additional category. Based on comments from Vans, even though I ordered this kit in March and made full payment in August, I may end up being the lowest priority to get my kit based on this comment from Vans:
"We will do our best to prioritize those who have waited longest, but our kit fulfillment schedule must be financially acceptable to the court, based substantially on cash flow..."
Pretty bummed because my order gives them no additional cash flow compared to people who have only made deposits. Even if they ask me to make an additional "final" payment, that will not give them as much money as a new guy who only paid a deposit. In fact, my order gives them the least amount of cash of any other scenario.
I have another order that I've only made a deposit on and I'm OK paying more to get that kit. I'm also OK with paying some of the cost to get my laser cut parts replaced. I'm not too excited about paying more for my engine because it's already crazy expensive but I will pay more if asked to. BUT, I'll be ticked if my fully paid for, nine month old order gets bumped to the back of the line and sits there for a year while new orders jump ahead in line over and over and over because they all give Vans more cash than my order.
- Customers who received laser cut parts
- Customers with deposits on engines, propellors and avionics
- Customers with open parts orders
- Customers with deposits on aircraft kits
- Vendors with open invoices
I fall into the first four categories but I also made full payment on a kit that hasn't been delivered. It seems this should be an additional category. Based on comments from Vans, even though I ordered this kit in March and made full payment in August, I may end up being the lowest priority to get my kit based on this comment from Vans:
"We will do our best to prioritize those who have waited longest, but our kit fulfillment schedule must be financially acceptable to the court, based substantially on cash flow..."
Pretty bummed because my order gives them no additional cash flow compared to people who have only made deposits. Even if they ask me to make an additional "final" payment, that will not give them as much money as a new guy who only paid a deposit. In fact, my order gives them the least amount of cash of any other scenario.
I have another order that I've only made a deposit on and I'm OK paying more to get that kit. I'm also OK with paying some of the cost to get my laser cut parts replaced. I'm not too excited about paying more for my engine because it's already crazy expensive but I will pay more if asked to. BUT, I'll be ticked if my fully paid for, nine month old order gets bumped to the back of the line and sits there for a year while new orders jump ahead in line over and over and over because they all give Vans more cash than my order.
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