JANUARY 2008: AROUND THE STATE
Cessna buys Columbia Aircraft in $26 million deal
BEND Cessna
Aircraft, of Wichita, Kan., took over operations at Columbia
Aircraft Manufacturing in Bend last month after successfully
bidding more than $26 million in a November bankruptcy court
auction. The success of Cessna in acquiring Columbia was hardly
a surprise, as it was the favored bidder even before most other
interested buyers dropped out of the auction days before it was
held. Cessna has said it will keep the 400 Columbia employees
in Bend, transforming the facility into one of six Cessna
manufacturing locations. Cessna says it plans to invest
significantly in Bend, possibly increasing employment down the
road.
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