Register Free

Announcement

Collapse
No announcement yet.

New owner for Tiger and Cheetah aircraft.

Collapse
X
Collapse
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
  • Filter
  • Time
  • Show
Clear All
new posts
  • Newforest
    Rank 5 Registered User

    New owner for Tiger and Cheetah aircraft.

    The type certificate for the AA5.A and B aircraft has been bought by a new company, let us hope they have more success with production and sales than the previous numbers of owners.



    Georgia Firm Buys Tiger Type Certificate
    True Flight Holdings LLC of Valdosta, Ga., was the successful bidder for Tiger Aircraft's type certificates and hopes to resume production of the sporty low-wing that was originally made by Grumman. True Flight spokesman J. Kevin Lancaster told AVweb on Friday that there are several communities interested in hosting the new business, but there won't be any detailed announcements for at least several weeks. Lancaster said his group of investors plans to take a "dramatically different" approach to structuring the company and marketing the airplane than the former owner, Tiger Aircraft, which filed for bankruptcy in January. The former company had manufacturing facilities in Martinsburg, W. Va., and was owned by Taiwanese investors, which Lancaster said caused corporate difficulties that won't be an issue with his firm. True Flight obtained the type certificates to the full line of former Grumman light aircraft from Tiger for $925,000. "I thought it was a bargain," Lancaster said. He owned two Grumman Tigers before buying a Mooney and said he wants another Tiger. The fate of the tooling and equipment is still under negotiation with the bankruptcy trustees.
    http://www.flightmemory.com/ I have been round the world 11.83 times!

Unconfigured Ad Widget

Collapse

 

Working...
X