Commander Premier Aircraft Considers Sale | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.26.15

Airborne 01.26.15

Tuesday

Airborne 01.27.15

Airborne 01.27.15

Wednesday

Airborne 01.28.15

Airborne 01.28.15

Thursday

Airborne 01.29.15

Airborne 01.29.15

Friday

Airborne 01.23.15

Airborne 01.23.15

Thu, May 08, 2008

Commander Premier Aircraft Considers Sale

Inquiries Lead CPAC To Explore Options

Commander Premier Aircraft Corporation (CPAC) announced Wednesday its Board of Directors will consider "responsible" offers to purchase the company, after receiving inquiries about a purchase of, or a controlling interest, in the company.

As ANN reported, CPAC was formed in 2005 by 50 owners of Commander aircraft to acquire the assets of bankrupt Commander Aircraft Company, the former manufacturer of Commanders. CPAC intended to build new Commanders and provide parts and service to the existing fleet of some 1,000 Commanders; in the interim, CPAC provided FAA annual inspection, maintenance, and repair services to Commander owners, as well as parts it acquired from CAC.

While the company has not yet delivered a new Commander airplane, it has made strides in other areas. In March 2007, following an FAA audit of its Quality Control System, CPAC received Parts Manufacturer Approval from the FAA, authorizing the company to put aircraft parts in the sky based on its own fabrication inspection system.

Production equipment has been set up at CPAC’s facility at Cape Girardeau Regional Airport, and the company says it's ready to commence ramping up for the assembly of new Commander aircraft.

"While CPAC has always been open to being acquired, it has concentrated its own efforts on raising production financing and continuing its ramp up as an independent company," a letter from the company states. "However, prompted by recent purchase inquiries, and acknowledging the general paralysis of the financing market, CPAC’s Board of Directors approved CPAC announcing that it would consider responsible offers for the purchase of all, or a controlling interest, in CPAC."

FMI: www.commanderpremier.com

Advertisement

More News

AeroSports Update: Discovery XL-2 Production Is Underway

Discovery Aviation Announced That Production Of The New Discovery XL-2 Has Started If you are looking for a newly manufactured 2-place airplane suitable for the private owner or fo>[...]

Airborne 01.28.15: AMA Steps Up, AirAsia Stall Warnings, Obama Wants Carbon Cuts

Also: Ridiculous Arkansas Regs Proposed, Tecnam Juggernaut, New EC135 T2+ Training Helo, NBAA Joins 'Know Before You Fly', Wipaire Grand Opening, AirVenture SkyDive Record As the m>[...]

Airborne 01.28.15: AMA Steps Up, AirAsia Stall Warnings, Obama Wants Carbon Cuts

Also: Ridiculous Arkansas Regs Proposed, Tecnam Juggernaut, New EC135 T2+ Training Helo, NBAA Joins 'Know Before You Fly', Wipaire Grand Opening, AirVenture SkyDive Record As the m>[...]

Piper Aircraft Launches M500 With Latest Garmin Avionics

Caldecott Says New Meridian Features Electronic Stability Protection, Underspeed Protection, Other Safety Improvements Piper Aircraft has introduced its newest top-of-the-line M-Cl>[...]

Airborne 01.27.15: USCG Rescue!, Two Eagles Over Pacific, UAV v White House

Also: Hartzell/Red Bull, GA Coalition, Aero-Calendar, Commemorative Air Force, Sarah Brightman To ISS, Hot Air Balloon Endurance Record The pilot of a single engine Cirrus SR22 air>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC