Piper comes out from Chapter 11

1995-07-19T00:00:00

PIPER AIRCRAFT emerged from bankruptcy on 10 July, when the court approved the company's sale to its creditors and an investment firm for $95 million. Philadelphia, Pennsylvania-based Dimeling, Schreiber and Park has taken a 50% stake in New Piper Aircraft, with creditors receiving 25%. Piper filed for Chapter 11 bankruptcy ...

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