Tiger Aircraft Puts Assembly Plant Up For Sale | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Tue, Nov 28, 2006

Tiger Aircraft Puts Assembly Plant Up For Sale

Hopes To Raise Funds... And Stay In Business

In a desperate attempt to raise capital, beleaguered airplane manufacturer Tiger Aircraft is selling its assembly facilities at the Eastern West Virginia Regional Airport in Martinsburg.

The Associated Press reports the company is asking for $5 million dollars, a price that includes the rights to Tiger's lease with the airport to occupy the space. That lease gives the airport the right to approve any purchaser, and any uses for the buildings.

The sale is being conducted by The Hawthorne Group.

The hope, of course, is a new owner would still allow Tiger to build planes at the plant. For the moment, Tiger Aircraft and its remaining employees are still in the buildings, and the company is ostensibly building planes... although only three AG-5Bs have been delivered this year.

As Aero-News reported earlier this month, city officials say the company hasn't paid real estate or personal property taxes since 2004. Most of the company's workers have been laid off.

The company has resisted declaring bankruptcy, saying it still holds out hope an investor may come along and rescue the planebuilder.

FMI: www.hawthorne-group.com/

Advertisement

More News

Airborne-Flight Training 05.09.24: ERAU at AIAA, LIFT Diamond Buy, Epic A&P

Also: Vertical Flight Society, NBAA Maintenance Conference, GA Honored, AMT Scholarship For the first time, students from Embry-Riddle’s Daytona Beach, Florida, campus took t>[...]

ANN's Daily Aero-Term (05.07.24): Hazardous Weather Information

Hazardous Weather Information Summary of significant meteorological information (SIGMET/WS), convective significant meteorological information (convective SIGMET/WST), urgent pilot>[...]

Aero-News: Quote of the Day (05.07.24)

"The need for innovation at speed and scale is greater than ever. The X-62A VISTA is a crucial platform in our efforts to develop, test and integrate AI, as well as to establish AI>[...]

NTSB Final Report: Cessna 150

(FAA) Inspector Observed That Both Fuel Tanks Were Intact And That Only A Minimal Amount Of Fuel Remained In Each Analysis: According to the pilot, approximately 8 miles from the d>[...]

Aero-News: Quote of the Day (05.08.24)

“Pyka’s Pelican Cargo is unlike any other UAS solution on the market for contested logistics. We assessed a number of leading capabilities and concluded that the Pelica>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

Airborne-Flight Training 05.09.24: ERAU at AIAA, LIFT Diamond Buy, Epic A&P

Airborne 05.08.24: Denali Update, Dad-Daughter Gyro, Lake SAIB

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC