- Yakima, Wash.-based CubCrafters Inc. has proven its brand over 42 years of designing, building and testing light aircraft inspired by the legacy of the classic Piper PA-18 Super Cub
- The company also produces experimental aircraft with DIY optional kits for pilots who want the thrill of building their own aircraft
- CubCrafters recently announced its application make a public stock offering under a Regulation A exemption, aiming to raise $50 million
- The company reported reservations for $5 million worth of shares within just the first 48 hours, pending qualification with the SEC
World War II fighter pilot John Gillespie Magee Jr. only lived to be 19 years old but immortalized his name with a well-known sonnet about the joys of airplane flight, writing in 1941 that he had “slipped the surly bonds of Earth And danced the skies on laughter-silvered wings,” and in the “high untrespassed sanctity of space, Put out (his) hand, and touched the face of God” (https://ibn.fm/CKTFm).
The poem evokes the love of flying many aviators and would-be aviators continue to feel nearly a century later, driving them “Up, up the long, delirious burning blue” on wings of aerospace-grade aluminum alloy.
Yakima, Washington based aircraft manufacturer CubCrafters, is helping to inspire a new generation of aviators by participating as a sponsor in the General Aviation Manufacturers Association (“GAMA”) 2022 Aviation Design Challenge. In this program, high school students from across the country competed in modifying the design of a CubCrafters NXCub to fly from Seattle to Packwood, Wash., to efficiently deliver a maximum payload.
In August the winning team from New York was awarded an all-expenses-paid aviation manufacturing experience to visit CubCrafters’ headquarters as well as Boeing, Signature Aviation, and other facilities in Washington (https://ibn.fm/IXIjQ).
Also in August, CubCrafters announced that in the first 48 hours after informing the investment community of its Reg A funding plan, it attracted $5 million in reservations for 1 million potential shares of stock, pending qualification by the Securities and Exchange Commission (“SEC”).
“Reservations for over 10 percent of our $50 million goal in only two days is just amazing. This level of interest from the aviation community and the general public tells us that they see real value in our company and want to help it grow,” CubCrafters’ VP of Sales Brad Damm stated (https://ibn.fm/lgXrr). “Backcountry aviation is increasing in popularity, and the demand for our aircraft continues to grow.”
The company is aiming to speed up its production, improve its service capabilities and advance new innovation efforts, Damm said.
CubCrafters has been producing its fleet of aircraft building from the legacy of the classic Piper PA-18 Super Cub for 42 years. The company has grown to develop its own new designs in the Experimental, LSA, and Part 23 Certified aircraft categories. CubCrafters’ future looks to be bright with this diverse offering of capable and modern aircraft, its partnerships fostering the next generation of aerospace professionals, and its innovative use of the Regulation A exemption public offering to meet the growing demand for its products and services.
For more information, visit the company’s website at www.CubCrafters.com.
NOTE TO INVESTORS: The latest news and updates relating to CubCrafters Inc. are available in the company’s newsroom at https://ibn.fm/CUB
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