History
Pacific Aerospace was formed from two companies, Air Parts (NZ) Ltd and Aero Engine Services Ltd. Air Parts imported Fletcher FD-25s in kit form during the mid-1950s and began manufacturing a significantly-modified variant, known as the PAC Fletcher, in 1965. Aero Engine Services Ltd diversified from maintenance work into taking over production of the Victa Airtourer, a light aircraft it developed into a military trainer, the PAC CT/4 in the early 1970s. The two firms joined in 1973 as New Zealand Aerospace Industries, which became Pacific Aerospace Corporation in 1982.
Shortly afterward, Pacific Aerospace won contracts to provide components to Boeing and Airbus. Pacific Aerospace took over NZAI's work on a replacement for the Fletcher, which became the PAC Cresco and has in turn developed this into utility and skydiving variants. A new utility aircraft, the P-750 XSTOL, first flew in 2001. The company has also continued low-level CT4 production for over 30 years.
In September 2005 an American firm's order for 12 PAC 750s was dishonoured, leading to controversy about government assistance to Pacific Aerospace.
In 2006 a consortium of aviation professionals purchased the assets of the company and Pacific Aerospace Corporation became Pacific Aerospace Limited.
In 2012 the Pacific Aerospace P-750 XSTOL aircraft was certified against ICAO Annex 6 for Single Engine IFR Passenger Transport Operations.
Read more about this topic: Pacific Aerospace
Famous quotes containing the word history:
“Every member of the family of the future will be a producer of some kind and in some degree. The only one who will have the right of exemption will be the mother ...”
—Ruth C. D. Havens, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 13, by Susan B. Anthony and Ida Husted Harper (1902)
“America is the only nation in history which, miraculously, has gone directly from barbarism to degeneration without the usual interval of civilization.”
—Attributed to Georges Clemenceau (1841–1929)
“The history of the genesis or the old mythology repeats itself in the experience of every child. He too is a demon or god thrown into a particular chaos, where he strives ever to lead things from disorder into order.”
—Ralph Waldo Emerson (1803–1882)