Financial Difficulties
Tiger Aircraft was headed by President and Chief Operating Officer N. Gene Criss between August 25, 2003 and early August 2006. Criss was fired by the board for allegedly selling the assets of the company to Network Hosts without authority. The four companies that owned Tiger Aircraft applied to a West Virginia Circuit Court at that time for a restraining order to prevent further sales and also to declare the previous deals invalid.
By the middle of 2006 Tiger Aircraft was experiencing financial problems, production of AG-5Bs had been halted and production workers laid off. By November 2006 the company employed only two workers and owed $115,000 in back taxes to the municipality. On November 30, 2006 it was announced that the Tiger Aircraft buildings were for sale. Tiger Aircraft filed for bankruptcy in January 2007.
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