- Backcountry flying is becoming increasingly popular, buoyed by growing enthusiasm among pilots, frequent events, and greater awareness through social media
- CubCrafters, a designer and manufacturer of backcountry aircraft, recently announced a public offering, through a Regulation A exemption, to raise capital that will go toward reducing order backlogs, bolster innovation, and expand production capacity
- The capital infusion will enable the company to better meet the expanding demand and serve the growing popularity of backcountry aviation. With a multi-year backlog of orders, increased capacity for aircraft production and support of the growing fleet is necessary
- Currently, CubCrafters offers over seven aircraft models in three certification categories, namely Part 23, Experimental/Amateur-Built (“E/A-B”), and Light Sport Aircraft
Backcountry flying is the biggest growth sector in light aviation, and Cub Crafters (typically styled CubCrafters), an OEM designer and manufacturer of backcountry aircraft, is positioning itself to tap into and accommodate this growth through a Regulation A public offering priced at $5 per share. With the capital infusion from the resulting investments, CubCrafters is looking to increase production, reduce manufacturing time (the company’s order backlog currently exceeds two years), foster innovation, and expand its reach in a rapidly growing industry.
Also referred to as off-airport, bush, or outback flying, backcountry flying was once a niche segment and has only recently become a movement. It has a long standing legacy, as an article in the Plane&Pilot Magazine writes (https://ibn.fm/DgjGY), “It has been around since shortly after the Wrights first flew [the early 1900s], though it didn’t become a widespread activity until the era of the barnstormers [the 1920s], when planes got tough enough to take a little abuse.”
This form of recreational grassroots flying characterized by pilots who fly their own planes for the many rewards of the experience, didn’t start to explode until about 25 years ago. The subsequent growth, the article notes, has been due to “a couple of events [that] have helped shine an even brighter light on the remarkable performance of a new generation of what are often highly modified short takeoff and landing (‘STOL’) planes, including a few that are of the pilot/builders’ own design.”
In CubCrafters, enthusiast pilots find a partner for their pursuit of flight. It’s a company that shares and caters to their penchant for adventure by offering an array of aircraft available to be built at home, through a builder-assist option at the factory, and fully certified complete aircraft from the production line.
Over it’s more than 40 years of existence, CubCrafters has established itself as a builder of different aircraft models in three certification categories: Federal Aviation Administration (“FAA”) certified, Experimental/Amateur-Built (“E/A-B”), and Light Sport Aircraft (“LSA”). Throughout its history, the company has continually focused on advancing from the origins of the classic Piper Super Cub, a legendary light utility aircraft famed for its bush flying and off-airport performance.
“While our engineering has further improved STOL performance, we have also focused on improving every aspect that makes the Super Cub platform uniquely capable. The result is a range of modern adventure aircraft that are designed and engineered for backcountry flying. Pilots are rewarded with not only STOL performance, but also remarkable flight characteristics, uncommon comfort and ergonomics, unmatched range, and class-defining utility,” CubCrafters’ website reads (https://ibn.fm/8fIqZ).
Currently, the company offers seven distinct models, the Carbon Cub SS, XCub, NXCub, Carbon Cub EX-2 and EX-3, and Carbon Cub FX-2 and FX-3. This lineup includes aircraft with a range of configurations from nosewheel or tailwheel landing gear, floats, and even skis. According to the company, this diverse product line appeals to every segment of the adventure aircraft market. CubCrafters also has a unique builder-assist program that lets pilots build their dream backcountry aircraft that perfectly aligns with their mission, under the watchful eye of the company’s staff and quality control system.
With backcountry aviation growing in popularity globally, CubCrafters has witnessed record sales year after year as more and more pilots want to venture into remote locations. As Brad Damm, the company’s Vice President, described in a July 25 news release (https://ibn.fm/N62qx), that success, along with other achievements, is generally due to the company’s independent thinking and continued focus on innovation.
CubCrafters is inviting investors, fans, and pilots to make reservations for its Regulation A offering. If the Securities and Exchange Commission (“SEC”) qualifies the offering, the reservations can be converted, allowing investors to own shares of preferred stock in the company. Reservations are non-binding and can be made through: www.ManhattanStreetCapital.com/CubCrafters.
For more information, visit the company’s website at www.CubCrafters.com.
NOTE TO INVESTORS: The latest news and updates relating to Cub Crafters Inc. are available in the company’s newsroom at https://ibn.fm/CUB
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