Opus Aircraft, LLC Aircraft Manufacturer of NC to be Sold

ROCKINGHAM, N.C., Oct. 9, 2013 /CNW/ - It was announced today that the Opus Aircraft, LLC, manufacturers of Special Light Sport Aircrafts in Rockingham County, NC will be sold at a Sealed Bid Auction on November 15, 2013 at 11:00 a.m. in Greensboro, NC.

The Opus Aircraft was designed and created by Sir Richard Novel with the help of British Aerospace (builders of the Concord Airliner). Sir Richard also designed and built the world's fastest car, The Thrust SSC. The Opus Aircraft Company was brought to the Shiloh Airport in Rockingham County, NC in 2004. The company produces the Super 2 which is a Special Light Sport Aircraft. The Super 2 is a two seat, side-by-side, recreational/trainer. The all-aluminum airframe plane is easy to fly and economical to operate which makes it extremely attractive to the beginning pilot.

All assets of the company will be offered for one bid in a "Sealed Bid Format", which includes a completed airplane with air worthiness certificate and current registration, another 98% completed airplane, four partially completed air frames, all structural jigs, all 1/3 million spare parts, all drawings, plans, copyrights, patterns, accessories and equipment. The cost to reproduce all the tangible assets is estimated to exceed $8,000,000.00 US. The last asking price was $2,900,000.00; however, the assets will be sold Regardless of Price in excess of $199,000.00 which creates one of the greatest opportunities to obtain a complete aircraft manufacturing business. Opus Aircraft has FAA approval and comparable government approval in England, Sweden, France and Canada.

The Sealed Bid is being conducted by Iron Horse Auction Co., Inc. as the selling agent for the Seller. Thomas McInnis of Iron Horse Auction Company, Inc. states, "With the Reserve set at $199,000.00 it should be a no brainer to the savvy investor or entrepreneur on the complete purchase of Opus Aircraft with assets valued at over $8,000,000.00. This opportunity is virtually unheard of in the United States."

For more information call 910-997-2248 or visit our website at www.ironhorseauction.com.

For interviews, contact: Thomas McInnis at 910-997-1555, Iron Horse Auction Company, Inc., 174 Airport Road, Rockingham, NC 28379, 910-997-2248, www.ironhorseauction.com

Special Media Inspection on Friday, October 18th from 11am to 4pm by appointment. Please call or email Diane Lucas at 800-997-2248 or diane@ironhorseauction.com for appointment time.

SOURCE: Iron Horse Auction Company, Inc.

For further information:

http://www.ironhorseauction.com

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Iron Horse Auction Company, Inc.

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