Columbia Aircraft Rejects Whitelaw Buyout Offer | 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-05.13.24

Airborne-NextGen-05.14.24

Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

Sat, Sep 22, 2007

Columbia Aircraft Rejects Whitelaw Buyout Offer

Accepted Another Deal As 'Time Ran Out'

ANN REALTIME REPORTING 09.22.07 1845 EDT: ANN has learned the Malaysian owners of Columbia Aircraft Company has rejected a buyout offer from a team of potential purchasers, led by Aerospace Entrepreneur Granger Whitelaw (best known as the CEO of the Rocket Racing League), to acquire the entire Columbia company and associated assets.

Sources involved in the negotiation tell ANN the company "ran out of time" in negotiations... and had to accept an offer, from an as-yet-unreported entity, that had a late-Friday deadline.

What that means for Columbia Aircraft Company... current and future customers... and the company's employees in Bend, OR... remains to be seen.

ANN confirmed earlier this week the identity of Textron, the parent organization overseeing the mighty GA manufacturer Cessna, as one of the interested parties for Columbia's assets. 

It is not known whether Textron was the winning bidder.

FMI: www.flycolumbia.com

Advertisement

More News

ANN's Daily Aero-Term (05.17.24): Very High Frequency

Very High Frequency The frequency band between 30 and 300 MHz. Portions of this band, 108 to 118 MHz, are used for certain NAVAIDs; 118 to 136 MHz are used for civil air/ground voi>[...]

ANN's Daily Aero-Linx (05.17.24)

Aero Linx: Aviation Suppliers Association Established February 25, 1993, the Aviation Suppliers Association (ASA), based in Washington, D.C., is a not-for-profit association, repre>[...]

ANN FAQ: Submit a News Story!

Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]

Classic Aero-TV: ANN Visits Wings Over The Rockies Exploration Of Flight

From 2021 (YouTube Version): Colorado Campus Offers aVariety Of Aerospace Entertainment And Education Wings over the Rockies Exploration of Flight is the second location for the Wi>[...]

Airborne Affordable Flyers 05.16.24: PRA Runway, Wag-Aero Sold, Young Eagles

Also: Paramotor Champ's, Electric Ultralight, ICON BK Update, Burt Rutan at Oshkosh! The Popular Rotorcraft Association is reaching out for help in rebuilding their private runway >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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