Cessna shopping for Columbia?

On Mon, 24 Sep 2007 06:22:24 -0500, Dan Luke wrote:

"Cessna is one of as many as three suitors for Columbia Aircraft,

Wikipedia (for what it's worth) writes that Cessna closed the deal.

Two days later, it was confirmed that Columbia was going to be sold to
Cessna.[2]
http://en.wikipedia.org/wiki/Columbia_Aircraft


--
Dallas

Dallas wrote:
On Mon, 24 Sep 2007 06:22:24 -0500, Dan Luke wrote:

"Cessna is one of as many as three suitors for Columbia Aircraft,

Wikipedia (for what it's worth) writes that Cessna closed the deal.

Two days later, it was confirmed that Columbia was going to be sold to
Cessna.[2]
http://en.wikipedia.org/wiki/Columbia_Aircraft

For a little better cite.

http://www.avweb.com/eletter/archive...ll.html#196211

The Columbia news release says the sale to Cessna is contingent on the
bankruptcy court's approval and a final agreement with Cessna. According to
the news release, Cessna has signed a letter of intent to buy certain assets
and assume some of Columbia's debt. Carl Young said that the deal ensures
that existing owners and position holders will be looked after. "The sale of
Columbia Aircraft Manufacturing assets to Cessna offers the best avenue to
maximize value for all of Columbia’s stakeholders and existing and future
customers. Cessna is excited about the prospect of adding the Columbia
products to its product line and will provide additional capabilities,
world-class processes and financial strength to effectively serve existing
Columbia customers and grow the business. Under the agreement reached with
Cessna all product warranty and service issues will continue to be honored
post-acquisition and customers should expect an enhanced customer experience
once the deal closes," Young said.