A Breakdown Of The PSA Suggests That Columbia Aircraft Is Being
'Sold' For $1.5 Million
Analysis and Opinion By ANN Contributor Rich Belzer
If you have been following the story of the Columbia Aircraft
bankruptcy, you probably have seen numbers ranging from $14 to $24
million reported in the press. But let's take a look at the actual
Purchase and Sale Agreement (PSA), recently executed by Cessna and
Columbia Aircraft with an eye toward understanding what Cessna has
offered to pay for the most important assets, the FAA Type
Certificates for both the Columbia 350 and Columbia 400 and the
tooling needed to manufacture these aircraft.