Quartz Mountain Aerospace, the troubled airplane manufacturer that has been the target of several lawsuits in recent months, is having another marker called in on them this week.

Members of the Altus/Southwest Area Economic Development Corp voted yesterday to repossess a production aircraft used as collateral on a $220,000 loan to QMA last August.

The economic development group’s secretary and treasurer Mike Nettles said the board has been more than patient with the company while they have attempted to get their finances in order, but that time has run out.

Nettles said their next step will be to have an official appraisal done of the plane, then provide that information to their attorneys.

“We are not sure at this time what the value of the plane is,” Nettles said, “That will be determined by the amount of avionics in it, its horsepower, total number of hours on it, and other factors,” he added.

Nettles said that other steps are being taken on loans made to QMA, but details were not available at this time.

The Altus Municipal Trust Authority and First National Bank of Altus are two of many groups looking to recoup money from QMA who closed their doors and laid off employees earlier this year. Two suppliers also filed claims against QMA in recent weeks for not paying their bills.