Velocity Aircraft announced on the Velocity Kit Aircraft Builders Forum (Reflector Mirror) web site that ownership of the company is now once again solely in the hands of Duane Swing and Scott Swing, with Rocket Racing having no interest in the company. As a result of this change, General Manager Scott Baker was released and no longer works for Velocity. John Abraham, Art Jones and Duane Swing will assume his responsibilities.
Vowing to continue to trim expenses to keep the company viable in the face of the recent economic downturn, which has had an impact on the Experimental market, Duane and Scott ask for patience from customers while they move forward to improve sales and return the company to profitability.
