Author Topic: The State of Helio  (Read 2972 times)

mrhelio

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The State of Helio
« on: September 23, 2010, 06:45:43 PM »
There has been some recent discussion alluding to the fact that Helio as a Company no longer exists. This is not true, however, there is a situation plaguing the General Aviation business as a whole, our depressed economy. Piper has recently laid off over 200 employees at it's Vero Beach facility and more to come. Moreover, the market is saturated with used aircraft as witnessed by trends in various trade publications. The newest Helio is 26 years old. A recent ad placement showed that a 50 year old 1966 Helio Super Courier with 13,120 hours TTAF priced at $175,000.00 is not what the market can bear given current market trends. In another case, there is a 1974 Helio #1467 with just 1320 hours offered for $135,000. The cost of ownership is directly attributed to the economic health of this country.
« Last Edit: September 24, 2010, 08:43:37 AM by mrhelio »

mrhelio

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Re: The State of Helio
« Reply #1 on: September 26, 2010, 01:22:05 PM »
Sierra Industries was consulted to build parts for Helio Aircraft LLC, however they need all the tooling, dyes, hydraulic presses, and what not. The condition and location of this remains to be seen. The last we heard was that they were all auctioned off by Adams affiliates some time ago and the tooling remains in Tulsa, OK in a warehouse. I cannot confirm or deny this but Sierra does need these to manufacture parts per PMA/FAA requirements if that is the case..