Until they re-emerge from bankruptcy, should a company be treated as a reliable business partner? There's always the chance that they close their doors tomorrow, or decide not to honor a set price again.
It might ease tensions to set up an escrow account system, so that as they start to pay creditors, they don't stall out on delivery of kits, engines, or other large ticket items. Just as when buying a house, I'd think about employing an escrow service. An alternative would be cash on delivery.
They have a kit deposit of mine, and as I understand that money is still considered available to be applied to a newly repriced kit from Vans, but may not be available for me to buy someone else's surplus kit. Had it been in escrow and they decided they couldn't deliver at the original price, my money would come back whole, minus perhaps a small escrow agent cost. That would have been better for me then. Fool me once ....
Just a thought. That said, I do trust Vans Aircraft and wish them well. Their planes are flying far into the future and I hope for more greatness. It's a great bunch of people and ideas.
It might ease tensions to set up an escrow account system, so that as they start to pay creditors, they don't stall out on delivery of kits, engines, or other large ticket items. Just as when buying a house, I'd think about employing an escrow service. An alternative would be cash on delivery.
They have a kit deposit of mine, and as I understand that money is still considered available to be applied to a newly repriced kit from Vans, but may not be available for me to buy someone else's surplus kit. Had it been in escrow and they decided they couldn't deliver at the original price, my money would come back whole, minus perhaps a small escrow agent cost. That would have been better for me then. Fool me once ....
Just a thought. That said, I do trust Vans Aircraft and wish them well. Their planes are flying far into the future and I hope for more greatness. It's a great bunch of people and ideas.