Asset Acquisition By True Flight Aerospace
The Federal Bankruptcy Court approved the sale of Tiger Aircraft assets to True Flight Holdings LLC, now operating as True Flight Aerospace, on August 2, 2007. The assets included aircraft type certificates for the former Grumman American light aircraft AA-1 family and AA-5 family, tooling, aircraft building equipment, intellectual property rights, inventories of existing parts and raw materials.
In November 2007 True Flight announced plans to construct a new production facility at the Valdosta, Georgia Airport and commence production of parts first. The company displayed at Sun 'n Fun 2008 and indicated that they would produce the AG-5B Tiger first. The company indicated that it will later expand the line of aircraft models available. The new Valdosta facility was to have been opened in February 2008.
In early 2009 the company decided to move to an existing vacant production facility in Quitman, Georgia, rather than proceed with constructing new facilities at Valdosta. This decision was prompted by the on-going economic situation, delays imposed by the Federal Aviation Administration as part of a runway extension at Valdosta and an attractive offer to relocate from the Quitman municipal government. At Sun 'n Fun 2009 in April the company announced that it expected to start production of AG-5Bs by mid-summer 2009. True Flight exhibited at AirVenture 2009 in July. At Sun 'n Fun in April 2010 the company gave an update on progress, although production had still not commenced at that time.
In July 2012 True Flight Aerospace again exhibited at AirVenture as part of the State of Georgia’s Center for Innovation in Aerospace. Production of new aircraft had still not commenced.
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