Epic Aircraft Delivers 100th Certified Turboprop Marking Growth

Epic Aircraft Achieves Century Mark: Comprehensive Analysis of the 100th Certified Aircraft Delivery Milestone

Epic Aircraft’s delivery of its 100th certified airplane marks a pivotal achievement for the Bend, Oregon-based manufacturer, highlighting a remarkable transformation from bankruptcy to a respected player in the single-engine turboprop market. Announced at the company’s 11th Annual Odyssey Fly-In, this milestone underscores Epic’s rapid growth, with its first certified E1000 delivered just five years earlier in 2020. The company’s journey, spanning nearly two decades of development, is emblematic of resilience and innovation in a highly competitive sector.

This accomplishment is not only a testament to Epic Aircraft’s technical expertise but also its ability to adapt to industry challenges, regulatory complexities, and shifting ownership structures. With a workforce of over 230 employees and annual revenues estimated at $63 million, Epic’s success story is intertwined with broader trends in general aviation, where demand for high-performance turboprops remains robust. The 100th delivery signals both the culmination of past efforts and the beginning of new opportunities for growth and technological advancement.

As Epic Aircraft cements its position among established manufacturers, its journey offers insights into the dynamics of market competition, the importance of leadership, and the impact of technological innovation on the future of general aviation.

Company Background and Historical Development

Epic Aircraft was founded in 2004 by Rick Schrameck with the goal of producing high-performance composite aircraft, starting with the Epic LT kit, a six-seat turboprop aimed at private pilots. Initially, the company’s kit-based business model allowed for lower regulatory barriers but limited its customer base to those willing to assemble their own aircraft. The LT’s innovative design, combining turbine power and advanced avionics in a composite airframe, quickly garnered industry attention.

Despite technical promise, Epic Aircraft struggled financially and declared bankruptcy in 2009. The bankruptcy exposed management issues and led to Schrameck’s removal as CEO. The U.S. Justice Department later charged him with wire fraud for misusing customer deposits, resulting in a guilty plea and prison sentence. The bankruptcy proceedings attracted multiple bidders for Epic’s assets, with the LT Builders Group, a consortium of customers with incomplete kits, ultimately acquiring control of North-America operations in 2010. Chinese interests received rights to market the LT internationally.

Doug King, a former customer with an unfinished kit, became CEO and led the company through its most turbulent period. King’s leadership was instrumental in stabilizing operations and reorienting the company toward certified aircraft production, setting the stage for future growth and investment.

The Strategic Acquisition and Russian Investment

Epic’s trajectory shifted dramatically in 2011 when Russian businessman Vladislav Filev, owner of S7 Airlines, visited the Bend facility. Impressed by the LT, Filev purchased the company in 2012 through Engineering LLC for $200 million, providing the capital needed to pursue FAA certification. The company’s ownership was structured through MVF Key Investments, a Cyprus-based entity controlled by Filev and his daughter, leveraging Cyprus’s favorable tax and privacy laws.

This influx of capital allowed Epic to acquire a larger manufacturing facility and expand its workforce. The company discontinued kit sales in 2013 to focus exclusively on certification, a process that typically demands significant investment and regulatory expertise. Filev’s commitment was tested by personal tragedy in 2019 when his wife, Natalia Fileva, died in an Epic LT crash attributed to pilot error. Despite this, Filev continued to support Epic’s certification efforts.

Epic’s Russian ownership drew attention given geopolitical tensions, but neither Filev nor S7 Airlines have been subject to U.S. sanctions. In 2024, Tanya Eves acquired a majority share in Epic Aircraft, shifting control away from Russian interests and potentially opening new strategic opportunities.

“We reached our 100th certified aircraft faster than anyone imagined. This underscores the strength of demand for our aircraft.” , Doug King, CEO, Epic Aircraft

The 100th Aircraft Milestone Achievement

The delivery of Epic’s 100th certified aircraft, an E1000 AX model, stands as a significant marker in the company’s evolution. This milestone, celebrated at the Odyssey Fly-In, reflects not only production achievements but also the company’s ability to innovate and respond to market demand. The commemorative aircraft, destined for Texas, featured special logos highlighting the occasion and underscored the geographic diversity of Epic’s customer base.

Since the first E1000 delivery in 2020, Epic has certified and introduced two additional models: the E1000 GX in 2021 and the E1000 AX in 2025. The fleet has accumulated over 41,000 flight hours, providing valuable operational data and validating the aircraft’s performance. King emphasized that each delivery represents more than a transaction, it marks the beginning of a new adventure for owners and reflects the commitment of Epic’s employees and community.

Epic’s growth trajectory is further evidenced by record-breaking sales in 2024, with plans to deliver 30 aircraft in 2025 and 36 in 2026. These targets, if achieved, will solidify Epic’s position as a significant player in the single-engine turboprop market.

Aircraft Models and Technical Specifications

Epic’s product line centers on three certified single-engine turboprop variants. The E1000, certified in 2019, features a maximum cruise speed of 333 knots, powered by a Pratt & Whitney Canada PT6A-67A engine with 1,200 shaft horsepower. The aircraft’s 34,000-foot service ceiling and 1,560-nautical-mile range make it suitable for both personal and business missions, while its advanced Garmin G1000 NXi avionics suite ensures modern flight management capabilities.

The E1000 GX, certified in 2021, builds on the original with customer-driven improvements and maintains the same performance specifications. The latest E1000 AX, certified in 2025, introduces Garmin Autoland and Autothrottle systems, advanced automation features that enhance safety and reduce pilot workload. The AX offers a full-fuel payload of 1,177 pounds, a 50-pound increase over the GX, and maintains the hallmark 333-knot cruise speed.

Pricing places Epic’s aircraft in the premium segment, with the E1000 AX starting at $4.7 million and reaching $4.85 million fully equipped. These prices are competitive with established rivals and reflect the advanced technology and composite construction of Epic’s designs.

Market Position and Competitive Landscape

Epic competes in a segment dominated by Pilatus (PC-12), Daher (TBM series), and Piper (M-series). Pilatus leads with over 1,800 PC-12 deliveries and a 42.5% market share, while Daher and Piper hold 24.7% and 32.7% respectively. Epic’s entry is notable given the market’s high barriers to entry and consolidation around established brands.

The E1000 series’ 333-knot speed and all-composite construction provide clear points of differentiation. Industry analysis shows Epic’s aircraft offer the highest productivity rating (range × cabin volume × speed) in the pilot-plus-five-seats category, outperforming direct competitors. The company’s market share remains modest but is growing, with planned deliveries representing a significant share of the 205 annual units delivered in this segment.

Future competition is expected from the Beechcraft Denali, which, though delayed, could disrupt market dynamics. Epic’s continued innovation and focus on customer experience will be critical to sustaining its competitive edge.

“Epic’s productivity index performance and speed advantages provide clear differentiation that appeals to specific customer segments valuing performance over other factors.”

Financial Performance and Business Operations

Epic Aircraft’s estimated $63 million in annual revenue and workforce of 233 employees reflect a productive and growing operation. The company has consistently expanded its workforce to meet increasing demand, with all engineering, manufacturing, and administrative operations based at its Bend, Oregon headquarters. The facility encompasses over 300,000 square feet, supporting both current and future production needs.

Epic’s transition from kit aircraft to certified production required substantial investment but enabled access to a broader market. The company’s order book is strong, with more than 80 aircraft orders reported in recent periods and a diverse international customer base. CEO Doug King has reported record-breaking sales months and quarters, indicating strong market acceptance for the latest E1000 AX model.

The 2024 ownership transition to Tanya Eves signals a new strategic direction, potentially reducing geopolitical risks and opening new markets. Epic’s participation in technology conferences and focus on artificial intelligence integration further underscore its commitment to innovation and operational efficiency.

Leadership and Ownership Structure

Doug King’s journey from customer to CEO is unique in the industry. His background in transaction processing, computer services, and business jet refurbishment provided a solid foundation for leading Epic through bankruptcy and into its current growth phase. King’s leadership style emphasizes passion for aviation and hands-on engagement with both employees and customers.

King’s global advocacy for Epic’s aircraft includes a round-the-world flight in 2024, demonstrating the aircraft’s reliability and performance. The 2024 acquisition of a majority stake by Tanya Eves, now Director of Business Development, represents a significant shift in ownership and strategic direction. Eves brings a technology-driven perspective, with a focus on artificial intelligence and automation.

The leadership team’s adaptability, transparency, and resilience, especially during challenges such as the COVID-19 pandemic, have been critical to Epic’s sustained success and growth.

Industry Context and Market Trends

The pressurized single-engine turboprop segment has averaged 205 deliveries annually between 2019 and 2023, with a compound annual growth rate of 4.1%. Market concentration is high, with Pilatus, Piper, and Daher accounting for nearly all deliveries. Epic’s successful entry is exceptional given the significant certification and manufacturing challenges facing new entrants.

Industry trends favor automation and technological integration, with systems like Garmin Autoland and Autothrottle becoming increasingly standard. Epic’s adoption of these technologies in the E1000 AX positions it at the forefront of this movement. Sustainability and efficiency are also growing priorities, with composite construction and turboprop engines offering advantages over traditional designs.

Geographically, North America remains the strongest market, but Epic has established a global customer base. Regulatory complexity and evolving certification requirements will continue to shape the competitive landscape, while the pre-owned market and customer segmentation trends influence new sales dynamics.

“The single-engine turboprop market is unlikely to see additional new entrants beyond Epic and the upcoming Beechcraft Denali, making Epic’s successful entry and growth to 100 certified aircraft deliveries even more impressive.”

Future Outlook and Strategic Direction

Epic Aircraft’s future appears focused on scaling production, expanding market share, and deepening its commitment to technological innovation. With targets of 30 deliveries in 2025 and 36 in 2026, the company aims to secure a larger share of the global single-engine turboprop market. The integration of artificial intelligence and automation across design and support functions is expected to enhance operational efficiency and customer value.

The transition to majority ownership under Tanya Eves may open new strategic opportunities and reduce exposure to geopolitical risks. Participation in technology conferences and a focus on innovation signal Epic’s ambition to redefine general aviation beyond traditional boundaries. As the competitive landscape evolves, Epic’s ability to maintain its growth trajectory will depend on continued product development, customer support, and operational excellence.

Conclusion

Epic Aircraft’s 100th certified aircraft delivery is a milestone that encapsulates the company’s resilience, technical prowess, and capacity for innovation. Achieved in just five years since the first certified delivery, this accomplishment reflects a successful transition from a troubled startup to a credible competitor in a demanding market.

Looking ahead, Epic’s continued focus on technology, production scalability, and customer engagement will be critical as it seeks to expand its presence and influence in general aviation. The company’s journey offers valuable lessons on leadership, adaptability, and the power of vision in overcoming adversity and seizing new opportunities.

FAQ

Q: What is the significance of Epic Aircraft’s 100th certified aircraft delivery?
A: It marks the company’s successful transition from bankruptcy and kit aircraft manufacturing to a recognized competitor in the certified single-engine turboprop market, achieved in just five years.

Q: What models does Epic Aircraft currently offer?
A: Epic offers three certified turboprop models, the E1000, E1000 GX, and E1000 AX, each featuring advanced avionics, composite construction, and a maximum cruise speed of 333 knots.

Q: How does Epic Aircraft differentiate itself from competitors?
A: Epic’s aircraft offer top-tier speed, all-composite construction, advanced automation (Autoland and Autothrottle), and high productivity ratings compared to established competitors like Pilatus, Daher, and Piper.

Q: Who owns Epic Aircraft?
A: As of 2024, Tanya Eves holds a majority stake in Epic Aircraft, succeeding previous Russian ownership through MVF Key Investments.

Q: What is Epic Aircraft’s production outlook?
A: Epic plans to deliver 30 aircraft in 2025 and 36 in 2026, signaling continued growth and increased market share.

Sources

• Epic Aircraft