Quartz Mountain Aerospace announces temporary resizing of workforce - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Quartz Mountain Aerospace announces temporary resizing of workforce

Altus_Press Release_President and CEO, Mark A. Arciero announced on Tuesday the temporary resizing of the workforce at Quartz Mountain Aerospace at both their Altus Oklahoma and Coffeyville Kansas facilities. Arciero mentioned "a core team will be in place at a nominal scale to keep all business activities running including the building of aircraft".  In a statement released to the employees, Arciero said "this action is vital to weather this economic storm and bridge QMA until the finalization and issuance of our Bond." 

During the past few months, QMA has been in negotiations with several investors and are in the final stages of closing on a multi- million dollar bond that will sustain production for years to come.  This financing plan not only provides production funding but also provides credit sources for its primary customers (Flight Training Schools). This allows them access to new aircraft at a fraction of the monthly cost.  "The final piece of the puzzle is the Bond and we are extremely confident that it will be in place late November" said Arciero.

Quartz Mountain Aerospace, Inc., a privately held corporation based in Altus, Oklahoma, is the manufacturer of the QMA 11E four-place single engine aircraft. The aircraft is based on the Luscombe 11A design and brings a roomy, rugged, four-place single engine airplane to the General Aviation sector. Purposely designed to provide comfort and performance to the flight training market, the 11E fits the personal usage niche as well.  The 11E offers state of the art avionics and superior engineering that enhances the flight experience.  For information contact Corporate Communications at (386) 299-3333.

  • Local NewsNewsMore>>

  • Many OK seniors “will not get fed” due to mobile meal program budget cuts

    Many OK seniors “will not get fed” due to mobile meal program budget cuts

    Friday, July 28 2017 12:44 PM EDT2017-07-28 16:44:57 GMT
    (Source AAA)(Source AAA)

    Budget cuts have left many state agencies in crisis mode, including those who provide meals for many elderly people in Oklahoma county. The director of the non-profit Areawide Aging Agency says that before, they were able to absorb those cuts through furloughs, job cuts, fundraisers and even planting a garden with donated labor and materials. But now they say there's simply nothing left to cut except who gets food and who doesn't. 

    Budget cuts have left many state agencies in crisis mode, including those who provide meals for many elderly people in Oklahoma county. The director of the non-profit Areawide Aging Agency says that before, they were able to absorb those cuts through furloughs, job cuts, fundraisers and even planting a garden with donated labor and materials. But now they say there's simply nothing left to cut except who gets food and who doesn't. 

  • EPA’s Scott Pruitt attends town hall in Guymon

    EPA’s Scott Pruitt attends town hall in Guymon

    Friday, July 28 2017 12:33 PM EDT2017-07-28 16:33:32 GMT
    (Source Oklahoma Forestry Service)(Source Oklahoma Forestry Service)

    EPA chief and former Oklahoma Attorney General Scott Pruitt is speaking with residents in the state about the repeal of the 2015 Waters of the United States Rule. He visited with local farmers at a town hall meeting in Guymon, where he clarified the rule. More than 90 local farmers and ranchers attended.

    EPA chief and former Oklahoma Attorney General Scott Pruitt is speaking with residents in the state about the repeal of the 2015 Waters of the United States Rule. He visited with local farmers at a town hall meeting in Guymon, where he clarified the rule. More than 90 local farmers and ranchers attended.

  • LANES CLOSED: Semi involved in rollover near Snyder on HWY 62

    LANES CLOSED: Semi involved in rollover near Snyder on HWY 62

    Friday, July 28 2017 12:04 PM EDT2017-07-28 16:04:58 GMT
    Source Janell Rouse HolmesSource Janell Rouse Holmes

    Oklahoma Highway Patrol closed one lane in both directions temporarily on Highway 62 after a semi rolled over near Snyder. The highway is still closed at this time. 7News viewers David Navarro and Janell Rouse Holmes sent us these photos. OHP says this is happening between mile marker 65 and 66 about five miles east of Snyder. Right now, it's not clear why the truck rolled, if anybody was hurt or what the driver was hauling. 

    Oklahoma Highway Patrol closed one lane in both directions temporarily on Highway 62 after a semi rolled over near Snyder. The highway is still closed at this time. 7News viewers David Navarro and Janell Rouse Holmes sent us these photos. OHP says this is happening between mile marker 65 and 66 about five miles east of Snyder. Right now, it's not clear why the truck rolled, if anybody was hurt or what the driver was hauling. 

Powered by Frankly