"Columbia's unique capability in the high-end
single-engine piston market makes it a perfect complement to our
Next Generation Piston product line and could provide our customers
with the option of an outstanding low-wing, high-performance piston
airplane. We believe the combination of this superb product line
and Cessna's world class support structure and brand will be
unbeatable."
Source: Cessna Chairman, President and CEO Jack
J. Pelton, who confirmed to ANN late Monday night Cessna has signed
a Letter of Intent (LOI) with Columbia Aircraft Manufacturing
Corporation to acquire selected assets and certain liabilities of
the Bend, OR-based aircraft manufacturer.