Mon, Oct 10, 2005
Oklahoma City Company Headed For Cape Girardeau
Commander Premier Aircraft has apparently found a new home,
after losing its lease at Oklahoma City's Wiley Post Airport. The
company, which just emerged from bankruptcy in June, will soon land
at Cape Girardeau, MO.
As Aero-News reported last month, the company's new owners, who
bought the firm out of bankruptcy, didn't obtain the right to
remain in the old owners' facility at Wiley Post. Although CPAC
President and CEO Joel Hartstone had hoped to remain in the
Oklahoma City area, he was unable to secure an adequate
But under a deal finalized at Cape Girardeau City Hall on
Thursday, CPAC will lease a 52,000 sq. ft. hangar at Cape Girardeau
Regional Airport. The first six months will be rent-free, according
to city officials. Thereafter, the city will charge CPAC $11,000 a
month, escalating to $21,000 by 2009.
The hangar was formerly the home of Renaissance Aviation.
Hartstone told local reporters he hopes to build 15 aircraft at
the Cape Girardeau facility in 2006 and 30 planes a year after
"The runways are excellent," Hartstone told the Southeast
Missourian. "The airport is well-maintained."
CPAC was formed by a group of 50 Aero Commander owners who
bought the company in bankruptcy proceedings. No new
Aero-Commanders have been built since the original company filed
for Chapter 7 in 2002.
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