Cub Crafters Inc. Looking to Soar as Backcountry Flying Grows in Popularity
Aug 24, 2022
- Backcountry flying is becoming increasingly popular, buoyed by growing enthusiasm among pilots, frequent events, and greater awareness through social media
- CubCrafters, a designer and manufacturer of backcountry aircraft, recently announced a public offering, through a Regulation A exemption, to raise capital that will go toward reducing order backlogs, bolster innovation, and expand production capacity
- The capital infusion will enable the company to better meet the expanding demand and serve the growing popularity of backcountry aviation. With a multi-year backlog of orders, increased capacity for aircraft production and support of the growing fleet is necessary
- Currently, CubCrafters offers over seven aircraft models in three certification categories, namely Part 23, Experimental/Amateur-Built (“E/A-B”), and Light Sport Aircraft
Backcountry flying is the biggest growth sector in light aviation, and Cub Crafters (typically styled CubCrafters), an OEM designer and manufacturer of backcountry aircraft, is positioning itself to tap into and accommodate this growth through a Regulation A public offering priced at $5 per share. With the capital infusion from the resulting investments, CubCrafters is looking to increase production, reduce manufacturing time (the company’s order backlog currently exceeds two years), foster innovation, and expand its reach in a rapidly growing industry.
Also referred to as off-airport, bush, or outback flying, backcountry flying was once a niche segment and has only recently become a movement. It has a long standing legacy, as an article in the Plane&Pilot Magazine writes (https://ibn.fm/DgjGY), “It has been around since shortly after the…
NOTE TO INVESTORS: The latest news and updates relating to Cub Crafters Inc. are available in the company’s newsroom at https://ibn.fm/CUB
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