Canadian kit aircraft manufacturer Murphy Aircraft has reportedly become insolvent and ceased operations following financial difficulties at its Chilliwack, British Columbia, facility. The company, which has produced experimental aircraft kits for more than four decades, faced mounting financial problems in recent months before losing its manufacturing equipment in an auction last week.
Murphy’s financial troubles followed growing problems at its parent company, Beijing-based Duofu Group, which acquired the aircraft manufacturer in 2022. In July, Chinese financial publication Yicai reported that Duofu founder Hu Xingrong had been placed under unspecified compulsory measures by Chinese authorities. The conglomerate was also…