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Archive for Tuesday, October 20, 1998

ULTRALIGHT BUSINESS

October 20, 1998

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What: Lease for DreamWings L.L.C., a Lawrence-based designer and manufacturer of ultralight aircraft.

Terms: Use of renovated community hangar at Lawrence Municipal Airport for $3,500 a month over 15 years, a rate to be increased up to 5 percent a year beginning in the fourth year.

Company products: ``Hooligan'' (two models) and ``Valkyrie'' ultralights, with speeds of up to 150 mph.

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