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Cirrus Bids For Columbia: Sale/Bankruptcy Now 'Likely To Be Long-Term Event'

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Over the last few weeks since ANN first broke the story of the impending Columbia Shake-Up/Bankruptcy and Cessna's interest in purchasing most of the assets of the foundering high-performance A/C manufacturer, what was once touted as a "fairly simple" bankruptcy sale is now taking on overtones of a soap opera. A number of bidders are coming to the fore in an effort to fight off the takeover of the principal Columbia assets by Cessna/Textron. As a result of that, a number of legal… (www.aero-news.net) More...

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