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, a manufacturer of classic open-cockpit biplanes, has been acquired by Fort Lauderdale-based Dimor Group Inc.
- Dimor Group Inc. was established by Dieter Morszeck, grandson of the Rimowa founder, who has a strong passion for vintage aircraft and recently sold his majority stake in Rimowa for a significant sum.
- Waco's president, Peter Bowers, will continue to lead the company, and the deal also included the acquisition of Centennial Aircraft Services, an FBO and maintenance facility.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
