Aviation General Announces Default By Tiger Aircraft
The deal to bring Commander and Tiger aircraft models together
under one roof has failed. Aviation General, Incorporated has been
informed that Tiger Aircraft, LLC and/or its affiliates, members,
and investors, which include a subsidiary of Teleflex Incorporated
and various Taiwanese investors ("Tiger"), will not honor their
commitment(s) pursuant to the executed Stock Purchase Agreement and
court confirmed financial reorganization Plan for Commander
Aircraft Company, Aviation General's wholly owned subsidiary.