I had the same problem with my power plasma 50 since sat for over a year not used found out if they sit a long time the air and arc relays get sorta stuck . take the cover off and turn on cutter and put plasma cutter on constant air flow and hold trigger on gun and use a medium size screw driver and lightly tap on the relays with plastic handle of screw drive will start working again the relay on top board is the air relay . good thing to do to is use a blow gun and blow all the dust out of plasma cutter . while in there also check all the connection plugs on the boards .
EVERLAST 250 EX , EVERLAST I-MIG 205 , EVERLAST spool gun NOW have 2 EVERLAST POWER PLASMA 50 plasma cutter's , LINCOLN 175HD MIG WELDER , VICTOR TORCH SET and many more tools to many to list