In July 2004, Tim Worley, spokesman for Trek Aerospace, provided an update to "Roadable Times" on the activities of Trek Aerospace, saying that the company is "re-organized, alive, well and flying!"

Trek had been developing the "Solotrek XFV" (Exo-Skeletor Flying Vehicle) ducted-fan personal VTOL in 2002. It was a craft designed to perform like a helicopter, provide the operator with a birds-eye view, be economical to operate, fly quietly, and be easy to maintain and store. Work on the "Solotrek" was discontinued in April 2003 when the company was re-organized. The aircraft is no longer being developed. However, Trek Aerospace did continue with their program of aircraft development, focusing on several new products.

On October 20th 2003, Springtail (TM) their fourth generation single person Vertical Takeoff and Landing (VTOL) aircraft, successfully completed its first untethered hover. Springtail is their latest model to fly and is the only version to free hover. During the first half of 2004, the company says it is implementing upgrades and design enhancements on this model.