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CESSNA TO BUY COLUMBIA ASSETS, AUCTION SET FOR NOV. 27

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By AOPA ePublishing staff A federal bankruptcy court has approved an asset purchase agreement between Cessna Aircraft Company and Columbia Aircraft, and set Nov. 27 as the date for the planned auction of Columbia. Execution of the asset purchase agreement puts Cessna in the preferred position entering the bidding process. Rules for the bidding were approved by the bankruptcy court on Oct. 22. In addition to Cessna, Cirrus Design, investment firm Versa Capital Management Inc., and Park… (www.aopa.org) More...

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