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NEWS RELEASES
FOR IMMEDIATE RELEASE McCOY FOUNDS COMPANY TO MARKET LIGHT SPORT AIRCRAFT
PUNTA GORDA, FL., Oct. 1—J. Phil McCoy, a 34-year veteran of the general aviation industry, has founded a company, named Light Sport America (LSA), to market and distribute Light Sport Aircraft throughout the United States. “One source inside the FAA’s light sport Aircraft Directorate in Oklahoma City has forecast that within 10 years light sport aircraft will represent 50% of all new aircraft sales,” Mr. McCoy reports. “The light sport aircraft market will be one the fastest growing and largest market segments in general aviation.” Light Sport America (LSA) is an operating division of McCoy Marketing Services Corp. LSA’s strategy is a two-step process. It will secure US distribution rights to a line of light sport aircraft and enlist dealers in specific geographical territories. In territories where there are no dealers, LSA will reserve the right to sell direct or through the nearest dealer. Mr. McCoy reports that light sport aircraft products are very popular with older pilots (55+) who are afraid they may not be able to pass their next FAA flight physical. “There are a large number of pilots who are disenfranchised,” he says. “Due to concerns about passing their FAA medical examination, some have allowed their medial certificate to lapse. A current flight physical is not required to fly a light sport aircraft and this opens the freedom of flight to these pilots again.” “Flight schools are warming to light sport aircraft as an economical way to update their aging training fleet,” Mr. McCoy says. “Light sport aircraft offer the flight school operator current technology airframes and avionics combined with lower operational costs. “For example, Rotax engines can be flown using premium auto fuel rather than aviation 100LL—a savings of 30% or more. In addition, the typical light sport aircraft burns only 3.5 to 5.5 gph as opposed to as much as 10+ gph for a Cessna 172.” At the moment, worldwide there are 53 light sport aircraft manufacturers producing over 80 different models. Cessna Aircraft plans to introduce its Sky Catcher to end-users by 2011. There will be a shake out Mr. McCoy predicts. “Many light sport manufacturers are undercapitalized and not capable of building for inventory. A distributor like LSA can carry inventory. The light sport market is terribly unsophisticated in terms of marketing and manufacturing at this point. Still, the bottom line is that the light sport aircraft market is here to stay,” Mr. McCoy says. Mr. McCoy began his career in general aviation in 1975. He has worked for such notable names as King Radio Corporation, Fairchild-Swearingen Aircraft, and Foster AirData Systems. He founded McCoy Avionics Corporation, took the company public, and later sold his interests. Since 1997 he has worked as a consultant for such well-known aviation companies as Ryan International Corporation, Sun Aviation, Houston Gulf Avionics, Eastern Avionics International, and Remos Aircraft. While working as a consultant and factory representative for Remos Aircraft, Mr. McCoy created most of the initial administrative infrastructure, planned and coordinated trade shows, created most of the marketing and sales materials, and served as a factory representative covering the Southeastern US. For more information about Light Sport America, contact J. Phil McCoy at (941)-629-6326 or (614) 975-5788. His e-mail address is mccoyphil@aol.com. -- 30 – |
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