- Market analysts foresee revenues for light aircraft and ultralights rising with a CAGR of 5.9 percent to $11.9 billion by the end of the decade
- Best-in-class backcountry aircraft manufacturer CubCrafters, building on the legacy of the classic Piper PA-18 Super Cub, is working to increase its own opportunities and has recently filed with the SEC for Reg A qualification for a public funding
- According to the company, the funds raised will be put to work to realize innovations that will increase production speed, add options to its product line, and improve customer support
- CubCrafters also recently announced a new engine and propeller option that promises to improve aircraft operations and provide pilots with greater flexibility for circumstances they may encounter in the backcountry
As CubCrafters continues preparing its Regulation A+ application filing with the U.S. Securities and Exchange Commission (“SEC”), the best-in-class backcountry aircraft producer is generating excitement through new innovation of its product offerings.
In August, the company announced a new lightweight engine option for its Carbon Cub models that is a fuel-injected engine with a fixed-pitch propeller delivering 186 HP for personal aviation enthusiasts. The development allows for simpler control, while also offering more performance flexibility with a ground-adjustable propeller option.
The new CC363i F/P engine uses the typical fixed pitch wood/composite propellers offered with previous models of the aircraft, but also has the option of being fitted with newer ground-adjustable propellers pilots may prefer if they want to optimize their flights for climb or cruise missions, eliminating the need of having to change propellers during a trip (https://ibn.fm/HP0ox).
The CC363i F/P engine is debuting in CubCrafters’ experimental and build-assist EX-2, EX-3, FX-2 and FX-3 models but was used in a model the company flew from its Yakima, Wash. headquarters to the annual Experimental Aircraft Association’s AirVenture event in Oshkosh, Wis. in July (https://ibn.fm/lxusX).
“Our airplanes are remarkably fast, very powerful, technically capable, enduringly rugged and quite simply fun to fly. And now for the first time, CubCrafters is inviting enthusiasts, customers and investors to participate in our future by acquiring shares in a public offering that is available to everyone,” a company video promoting the Reg A+ public offering states (https://ibn.fm/BjXJV).
The company’s production schedule is already sold out through the end of next year and at least halfway into 2024, demonstrating the popularity of its products but also the need for it to increase the speed of its output. The company’s bid for public funding is designed to do just that, and help CubCrafters continue to grow in general.
“We’ve got to get that (delivery timeline) down and get airplanes to customers faster,” Vice President of Sales and Marketing Brad Damm said during the Oshkosh event (https://ibn.fm/YdcH8). “Second thing, better service, better customer support. We’ve got a fleet of about 1,500 airplanes out there now (and) customers want, need and deserve that support.”
The market is expected to offer blue skies to personal aviation companies. Analysts forecast light and ultralight aircraft revenues will hit $11.9 billion by 2030, growing at a CAGR of 5.9 percent between now and the end of the decade (https://ibn.fm/CIGBK).
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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