Tiger Pulls Out Of Commander Deal

  • E-Mail this Article
  • View Printable Article
  • Text size:

    • A
    • A
    • A

Commander Aircraft Future "Uncertain"...

A deal that was put together earlier this year to save Commander Aircraft Co. from bankruptcy has fallen through, the Oklahoman reported last week. "Our company's future is uncertain, and new aircraft production will continue to be suspended indefinitely," Commander CEO Wirt Walker said in a news release. On Thursday, Tiger Aircraft, of West Virginia, withdrew its $2.8 million offer to buy out 80 percent of Aviation General, Commander's parent company. Walker said Tiger's "default" was a shock and will prompt "a big lawsuit." Tiger President Gene Criss told the Oklahoman his company didn't default on anything. Walker said Tiger gave no reason for pulling out of the agreement. "Why don't these guys live up to their deals? There's tens of millions of damages here," Walker told the Oklahoman. Commander's headquarters and factory are located at Wiley Post Airport in Oklahoma City.