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Gregory Paul
May 1st, 2009, 13:22
Here is the link about Piper Aircraft being sold.

http://www.aopa.org/aircraft/articles/2009/090501piper.html?WT.mc_id=ebrief
Lionheart
May 1st, 2009, 19:05
Wow...

Piper sold to a group out of the country.

:faint:


Well, I hope it is a good thing and that their future is good. Piper is part of the roots of America's General Aviation.




Bill
azflyboy
May 1st, 2009, 23:16
I don't think the fact that Imprimis is based outside the US is that important, since most major asset management firms own companies all over the world.

It makes since for Imprimis to buy something like Piper, since the only new market left for GA aircraft is in Asia, and Imprimis has the cash on hand to allow Piper to make inroads there.

Plus, it's not like US based asset management firms are inherently more competent than their foreign counterparts, since Cerberus bought both Chrysler and GMAC, and lost a fortune when both companies imploded.
Lionheart
May 2nd, 2009, 00:48
I don't think the fact that Imprimis is based outside the US is that important, since most major asset management firms own companies all over the world.

It makes since for Imprimis to buy something like Piper, since the only new market left for GA aircraft is in Asia, and Imprimis has the cash on hand to allow Piper to make inroads there.

Plus, it's not like US based asset management firms are inherently more competent than their foreign counterparts, since Cerberus bought both Chrysler and GMAC, and lost a fortune when both companies imploded.


A good point AzFlyBoy.

Its just that I feel everything American is now owned by other countries. I just need to get over it.

:engel016:
stansdds
May 2nd, 2009, 04:52
Cessna is making deep cuts in their labor and facilities, I hope they can hang on.

http://www.cbsnews.com/stories/2009/04/29/business/main4977507.shtml
mike_cyul
May 2nd, 2009, 05:24
Cessna is making deep cuts in their labor and facilities, I hope they can hang on.

http://www.cbsnews.com/stories/2009/04/29/business/main4977507.shtml

Perhaps they could use the advertising that sim aircraft could bring.... :bump:


Mike
cheezyflier
May 2nd, 2009, 06:02
Perhaps they could use the advertising that sim aircraft could bring.... :bump:


Mike


ZING!!!:applause:
wombat666
May 2nd, 2009, 06:38
Stuff happens .....:kilroy:
Lionheart
May 2nd, 2009, 11:51
Mike, I am sure they would welcome a model of their Piper jet. Piper sees it as a helping hand.



Bill