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Textron´s Cessna Aircraft Company to Acquire Assets of Columbia Aircraft
Textron´s Cessna Aircraft Company to Acquire Assets of Columbia Aircraft

As expected, Cessna was the top bidder for Columbia Aircraft, paying $ 26.4 million for "select assets" of the bankrupt Bend, Ore. planemaker. The bankruptcy auction was held Tuesday afternoon. CEO Jack Pelton said the company will invest money in the Bend plant, make sure existing owners are looked after and will keep making the two aircraft models under the name Cessna 350 and Cessna 400. "The Columbia models are a good fit with our existing product line," Pelton said in a news release. "We look forward to providing existing Columbia owners with improved levels of service and support and introducing new customers to these outstanding aircraft."

The new Cessna 350 and Cessna 400 models add low-wing, high-performance and turbocharged piston aircraft options to raise the top end of the Cessna piston product line. The Cessna 350 will feature an all-composite airframe, Garmin G1000 avionics and GFC700 flight control system, and Teledyne Continental TSIO-550-C engine, while the Cessna 400 will offer the same features with dual turbochargers for the engine.

According to Welt Online

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