Yet another legacy airplane manufacturer has been sold — Waco Aircraft Corporation. This time, it wasn’t a Chinese company that swooped up the assets of the company, which was established in Battle Creek, Michigan, in 1983 to revive the classic 1930s open cockpit biplane design. Fort Lauderdale, Florida-based Dimor Group Inc. bought the company this month.
German Dimor Acquires Waco Aircraft
Key Takeaways:
- Waco Aircraft Corporation, known for reviving classic open-cockpit biplane designs, has been acquired by Fort Lauderdale, Florida-based Dimor Group Inc.
- Dimor Group Inc. is a newly established subsidiary of Germany's Dimor Aero, founded by Dieter Morszeck, the wealthy grandson of the Rimowa founder with a strong passion for vintage aircraft.
- As part of the acquisition, Waco's president, Peter Bowers, will continue to lead the company, and Dimor Group also acquired Centennial Aircraft Services, an FBO and maintenance facility.
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