Symphony Aircraft Industries
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Symphony Aircraft Industries (SAI) was a light aircraft manufacturer based in Trois-Rivières, Quebec, Canada.[1]
Between May 2005 and January 2007 SAI manufactured the Symphony SA-160 aircraft for the personal use, touring and flight training market.[1] On January 22, 2007, it declared bankruptcy and ceased operations.
A new company, North American Factory for Technologically Advanced Aircraft (NAFTAA), indicated in February 2008 that it was interested in resurrecting the Symphony Aircraft production line.[2]
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[edit] History
[edit] OMF Aircraft
SAI was started in September 2003 as the North American production arm of Ostmecklenburgische Flugzeugbau GmbH, (East Mecklenburg Aircraft Works Limited). The company was commonly known as OMF Aircraft. OMF was formed by Mathias Stinnes in 1998 and was headquartered in Neubrandenburg Mecklenburg-Western Pomerania.[1]
Stinnes formed OMF Aircraft to produce a FAR 23 certified version of the Stoddard-Hamilton Glastar. He had built and flown one of these amateur-built aircraft in the 1990s and believed that it would make a good production aircraft. The certified version of the Glastar was to be called the OMF-100-160 Symphony with certification targeted for 2000.[1]
Realizing that the bulk of the market for this aircraft was in North America Stinnes set up a production facility in Trois-Rivières with financial help from the Government of Quebec. The plant building was constructed by the Town of Trois-Rivières and leased to OMF. The plant was opened in September 2003.[1]
OMF suffered from under-financing during its start-up phase and declared bankruptcy in December 2003. Due to agreements in place, the production rights for the OMF-100-160 Symphony resided in Canada while the intellectual property rights were retained in Germany.[1]
[edit] Transition
The Canadian plant operation was reorganized as a private company under the name of Symphony Aircraft Industries, while the intellectual property rights to the OMF-100-160 Symphony were sold by the bankruptcy trustees to a new German company, OMF Flugzeugwerk.[1]
An agreement was signed between OMF Flugzeugwerk and Symphony Aircraft to produce the design on two production lines in North America and Europe. This soon proved unworkable and OMF Flugzeugwerk sold out their interests to SAI in February 2005.[1]
[edit] Symphony Aircraft Industries
SAI redesignated the aircraft as the Symphony SA-160 and completed Transport Canada certification under CAR 523, with Transport Canada manufacturing approval achieved in March 2005.[1]
On May 4th, 2005 SAI completed FAA Type Certification, based on the Canadian certification and the first SAI produced aircraft received its FAA Certificate of Airworthiness on May 13th, 2005.[1]
The company started by producing two Symphony 160s per month in early 2005 with production increasing to three per month in the fall of 2005 and five per month in 2006. The company pursued certification of a Ballistic Recovery Systems full aircraft parachute system and also an Avidyne glass cockpit instrumentation installation.[1]
SAI filed for protection from creditors under the Canadian Companies' Creditors Arrangement Act in June 2006[3]. At that time the company stated that it needed an investment of USD$5.5M to continue production. The company was not able to secure the capital in Canada and indicated at that time that it might have to relocate production to attract financing from other sources[4]. CEO Paul Costanzo indicated that factors involved in this situation included the dramatic fall in value of the US dollar against the Canadian dollar between 2003-2006, start-up and product improvement costs that were greater than expected and especially a venture capital environment in the Province of Quebec that Costanzo described as "dismal". He stated at the time, "We have simply been unable to attract sufficient capital to allow us to effectively exploit the obvious opportunity that we have with the SA-160, let alone fund our planned development of a diesel two-place and a four-place product." He indicated then that the company was focusing on certification of the SA-160's glass cockpit installation along with product cost reduction measures.
On January 22, 2007, following the withdrawal of its lead investor three days previously, Symphony Aircraft declared bankruptcy, closed its doors and laid off its entire workforce.
[edit] North American Factory for Technologically Advanced Aircraft (NAFTAA)
On February 3, 2008 it was publicly announced that the former lead investor in Symphony Aircraft, Lou Simons, was planning to restart production of the SA-160 under the name North American Factory for Technologically Advanced Aircraft (NAFTAA). The aircraft may be produced at a different location and may have a new name. Also planned are additional versions of the SA-160. [2]
[edit] Personnel
SAI was headed by President and CEO Paul Costanzo from September 2003 until January 2007.[1]
[edit] Aircraft by date
- SA-160 (2005-2007)
[edit] External links
[edit] References
- ^ a b c d e f g h i j k l Hunt, Adam: A brief history of Symphony Aircraft, COPA Flight December 2005
- ^ a b Peppler, Graeme (February 2008). Symphony Planning Comeback. Retrieved on 2008-02-03.
- ^ Grady, Mary (June 2006). Symphony 160: Cash Needed, Customers Waiting. Retrieved on 2008-02-05.
- ^ Grady, Mary (June 2006). The Product Will Prevail, Company Says. Retrieved on 2008-02-05.
- Symphony 160: Cash Needed, Customers Waiting – AvWeb Jun 29 2006
- The Product Will Prevail, Company Says - AvWeb Jun 29 2006
- Sport Aviation Magazine, Sept 2006, page 18, Symphony Restructuring
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