OK... its not a lot to go on, but we do have a long talk scheduled with Alan Klapmeier tomorrow in which we hope to get some more answers about a possible Cirrus Design bid for the assets of bankrupt Columbia Aircraft.

In the meantime, we have received the following initial statement from Alan in response to our questions about any possible plans for Columbia -- which hints broadly at the possibility that should CD get a hold of Columbia, that they will NOT shut it down, but add it to their current product offerings.

At least... that's what we think it seems to say -- YOUR mileage may vary...

Alan (pictured below) tells ANN that, "Naturally, Cirrus would express interest given some of the similar advanced technologies in the Columbia and how the line could compliment the current Cirrus SR line. Cirrus has the ability to expand the business and at the same time further enhance the value of our business. Obviously, we also have the capabilities to take great care of the customers."

One way or another, should CD jump into this contest, it's obvious that Cessna's desire to acquire Columbia assets will require some rethinking. Another bidder like Cirrus; i.e., one with significant bonafides as a GA manufacturer (the big card that Cessna brings to the game), takes this matter into new territory entirely. Persons close to a number of the bidders in ths drama believe that the future of this sale is likely to a pretty long-drawn out affair. Bankruptcy sales as complex as this one, especially when a number of parties are contesting aspects of the sale's rules, are rarely concluded quickly. This does not bode well for the near-term concerns of Columbia owners -- though a successful sale to a company ready willing and able to take on the many problems associated with this troubled line is obviously of best long-term benefit.

As usual, ANN will keep you up to date as details develop...

FMI: www.cirrusdesign.com