Epic Air fate up in the air

Judge gives Epic Air customers another chance in a bid against a Chinese corporation.

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Seven former customers haven’t given up on bidding for Bend-based Epic Air, which closed last summer.

The seven were in the middle of assembling kit-built planes when the company closed. They are now competing against a Chinese corporation that placed an “unfair” winning bid of $4.3 million in the bankruptcy auction.

Tuesday in Portland, a bankruptcy judge blasted the business projections filed by the seven’s company, LT Builders, with words such as pathetic, useless, incompetent, unacceptable, garbage and fiction.

Yet still they kept coming. Ringleader Daryl Ingalsbe, an ex-military man who runs an Omaha-based manufacturing company, put it this way from the witness stand: “It’s like being in a war together. I’m not going to let my friends down.”

Read the full story at OregonLive.com.

{biztweet}Epic Air seven{/biztweet}

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