Commander Owners Want To Take Over
A group of 50 Commander owners from all over the world have bid on the assets of the bankrupt aircraft manufacturer. They've formed a company called Commander Premier Aircraft Corporation (CPAC) and named Joel M. Hartstone as their president. Hartstone said the bid is to buy "substantially all of the assets" of the company, which is based in Bethany, Okla. A dollar figure wasn't released but Bob Tippens, a director of CPAC, told AOPA that there are no other serious bids. Commander slipped from Chapter 11 reorganization to Chapter 7 liquidation last January after a potential investor defaulted. The company built about 200 of the highly-regarded, speedy and luxurious singles between 1992 and 2002. The new company is getting a major marketing boost right out of the gate courtesy of AOPA. The annual members' sweepstakes grand prize is a refurbished and modernized Commander that is getting a lot of attention at various public appearances. The acquisition plans by CPAC appear to have approval from other Commander owners. An online forum on the topic has drawn a few positive responses.