aircraft assembly company seeks county support | News, Sports, Jobs
The latest addition to the Chautauqua County Airport in Jamestown still needs the county’s help to get up and running.
The Luscombe Aircraft Corp. of Chino, Calif., leases Hangar A at the airport to build and renovate airplanes. The company recently received a low-interest loan of $ 322,000 from the County Industrial Development Agency, which was funded with money from the CARES Act.
Luscombe’s lease with the county is $ 1,850 in rent with a monthly rent credit of up to $ 500 per month for capital improvements, meaning the company would pay $ 1,350 per month.
This credit must not exceed $ 48,000. The rent remains the same for the first four years of the lease before increasing by 2% or according to the consumer price index, whichever is lower, for the fifth to the 20th year of the lease.
Now Luscomb is asking the county to help him again. According to a resolution slated for discussion next week by the county legislature’s public facilities committee, loan guarantees guaranteed by Luscombe through IDA and other sources are not enough to pay for service improvements. public buildings and buildings needed to renovate the county airport hangar into the kind of space Luscombe needs. The company is asking the county to receive rent credits of up to $ 1,000 per month to help pay for capital improvement costs, bringing the monthly rent payment to $ 850 per month. The maximum credit amount is still $ 48,000.
In addition to helping the county with rent credits, the company is working on the sale of the first four Luscombe LSAs that it made to move the project forward.
“As everyone knows, we need sales to keep our crew employed”, Luscombe officials said in a blog post in mid-November. “We are planning to sell the first four (4) Luscombe LSAs at a very low price to keep everything working during this Covid shutdown. We look forward to hearing from you and receiving orders for the first four Luscombe to roll off the assembly line.
Luscombe acquired the rights to produce airplanes that resemble the old brand of Legacy airplanes. According to an April article from the Aircraft Owners and Pilots Association, there are approximately 1,600 Luscombe planes registered with the Federal Aviation Administration. Luscombe manufactured two-seater all-metal rear-wheel planes starting in the 1930s before stopping production in 1950. The company wants to build two types of planes locally: a small general aviation aircraft and a sports version of the aircraft. same plane. Aircraft customers would include entry-level pilots and flight schools, with a goal of manufacturing around 100 aircraft per year within five years of starting production. Additionally, owners of the remaining 1,600 older Luscombe aircraft could have new parts made in Jamestown from the original Luscombe jigs.
“As with almost all businesses, COVID-19 has slowed us down”, company officials said in a Nov. 13 blog post on their website, luscombeair.com. “Of course, not being able to attend any events, as we had planned, prevented us from marketing the new company face to face with potential buyers. We really appreciate your business and support over the past year. It has been a big step and we are ready to take it off. We are now starting production of Luscombe LSA Model 8. We have had several price discussions and are keeping the costs as low as possible. Steve Testrake designed and designed a new retro dashboard, we digitized several thousand drawings and started manufacturing parts for the new LSA.