The story
In January 2009 company owner Armand Rivard indicated that he intended to sell the company and retire. The company had previously been offered for sale in 2001, 2002, via auction in 2005 and in 2007. Lake Aircraft produced one aircraft in 2007 and none in 2008, but continues to make parts for existing aircraft. In 2009 the company employed six people, down from the 200 employees that it had in the 1980s. In August 2018 the company was once again offered for sale, including all the LA-4 tooling, type certificate and the designs. Armand Rivard died on December 23, 2018
From Wikipedia’s article on Lake Aircraft, shared under CC BY-SA 4.0.3
