Aviation News Item: 01274

5th May 2009

Source: fly-corporate.com

Piper Aircraft, Inc.'s owner, American Capital Ltd. (Nasdaq: ACAS), has sold its 100% stake in the company to Imprimis in a private transaction that aims to secure the long-term success of Florida's 72 year-old General Aviation company. Imprimis is a corporate finance and investment management firm that operates from its offices in Bangkok, Singapore and Brunei Darussalam.

Imprimis intends to invest significant capital in Piper's current operations to strengthen its position in its traditional markets and support the development of key new products such as the PiperJet. Outside of long-term plans for growing market share in Asia, the new shareholders are committed to keeping Piper's headquarters, production and product development facilities in Vero Beach, Fla.

Read more about PiperJet in the current edition of FlyCorporate Magazine.

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