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Archive Home > 2002 > July > 25 > Lancair lays off 207, seeks funding

Lancair lays off 207, seeks funding

Failed deal for $25 million loan leaves skeleton of company

By Kevin Max Lisa Rosetta / The Bulletin
July 25, 2002

Lancair laid off 207 employees on Wednesday, after failing to secure $25 million in financing from a group of investors in New York.

In little more than two months Lancair, Central Oregon's 19th-largest employer, shed 277 of its 320 employees. The aircraft maker had been scaling back since June....

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