Canadian SAM Aircraft's president Thierry Zibi has recently offered his entire airplane manufacturing company up for sale. The purchase will include all design drawings, construction molds, 3D debugging software, and most importantly, a completed flying aircraft all for the low asking price of only $100,000 USD.
The company's only offering is which is already approved in Canada as an Advanced Ultralight Aircraft (AULA) and has the green light in the United States to be built as an Experiment Amateur kit plane. The airplane is also designed to meet the newer Light Sport Aircraft (LSA) standards in the U.S. and simply needs to be formally accepted by the regulating body. To accomplish this, one other flying prototype must be built and flown to officially be certified as an LSA.
If you've always dreamed of losing money in the aviation business, this might just be the opportunity for you. But, if you don't have time for all the marketing data, intellectual property rights, and all the other risk factors involved in trying to build and sell and airplane, you still might want to consider owning this aircraft company. Once your purchase is finalized you'll take possession of your very own, ready-to-fly production airplane for less than you could buy a new one from any other manufacturer.
The SAM LS was built with the dream of creating a nostalgic warbird trainer but with modern performance and reliability that the everyday man could attain. So important was the warbird feel, that the airplane can be flown both with the canopy closed or open. It's no slouch either. It can hit a top speed of 155 mph and cruise at a brisk 125 mph. The prototype included in the sale has accumulated less than 400 hours since new and is powered by an industry standard 100 hp Rotax aviation engine. It has flown a full test regimen, and has shown it to be spin-proof at both full-forward and full rearward center-of-gravity configurations.
So if you're only motivation is to get a sweet plane at a great price, keep in mind Zibi's intention by when he said "My reward will be that someone will be able to continue where I stopped, and see more SAM airplanes in the air."