By AOPA ePublishing staff
Execution of the asset purchase agreement puts Cessna in the preferred position entering the bidding process. Rules for the bidding were approved by the bankruptcy court on Oct. 22.
Columbia announced on Sept. 24 that it had filed for Chapter 11 so that it could continue operating—this despite the fact that deliveries through the third quarter of 2007 were on pace to set a new company record.
October 25, 2007