Cessna to Acquire Assets of Columbia Aircraft

Cessna Aircraft Company is acquiring selected assets of Columbia Aircraft Manufacturing Company, a Bend, Oregon-based producer of single-engine aircraft.

Once the transaction is completed, which is expected to occur by December 4, 2007, the Bend operation will take on the Cessna name and be one of six Cessna manufacturing facilities.  Cessna intends to rename the current Columbia product line to become the Cessna 350 and the Cessna 400.

The Cessna 350 will feature an all-composite airframe, Garmin G1000 avionics and GFC700 flight control system, and a Teledyne Continental TSIO-550-C engine. The Cessna 400 will offer the same features with dual turbochargers for the engine. The 400 is one of the fastest piston aircraft in the world with a top speed of 270 miles per hour – more than 235 knots.

Cessna's acquisition of Columbia resulted from its bid of $26.4 million in the United States Bankruptcy Court for the District of Oregon last week.  12-03-2007.

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