True Flight Holdings LLC of Valdosta, Ga., was the successful bidder for Tiger Aircraft’s type certificates and hopes to resume production of the sporty low-wing that was originally made by Grumman. True Flight spokesman J. Kevin Lancaster told AVweb on Friday that there are several communities interested in hosting the new business, but there won’t be any detailed announcements for at least several weeks. Lancaster said his group of investors plans to take a “dramatically different” approach to structuring the company and marketing the airplane than the former owner, Tiger Aircraft, which filed for bankruptcy in January. The former company had manufacturing facilities in Martinsburg, W. Va., and was owned by Taiwanese investors, which Lancaster said caused corporate difficulties that won’t be an issue with his firm. True Flight obtained the type certificates, tooling and equipment to the full line of former Grumman light aircraft from Tiger for $925,000. “I thought it was a bargain,” Lancaster said. He owned two Grumman Tigers before buying a Mooney and said he wants another Tiger.
Georgia Firm Buys Tiger Type Certificate
Key Takeaways:
- True Flight Holdings LLC acquired Tiger Aircraft's type certificates, tooling, and equipment for the former Grumman light aircraft line for $925,000.
- The company plans to resume production of the sporty low-wing aircraft, with multiple communities interested in hosting the new business.
- True Flight intends to take a "dramatically different" approach to company structure and marketing, aiming to avoid the corporate difficulties faced by the previous, bankrupt owner.
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