In 1988 a new company, Commander Aircraft Company, bought the program and set up shop in Oklahoma, where it earned approval in 1992 for the improved 114B and, later, the turbocharged 114TC, incorporating a multitude of improvements. Later, it updated the models even more under the same type certificate as the 115 and 115TC. Neither airplane enjoyed much market success, and the company went bankrupt a few years ago after building around 200 airplanes. Its assets were acquired by yet another company, Commander Premier Aircraft Corporation (CPAC), which was formed by a group of more than 50 Commander owners, who were interested, for obvious reasons, in keeping replacement parts available. Since then CPAC has relocated to Cape Girardeau, Missouri, and is initially selling parts for existing Commanders, though it intends to relaunch production of the 115 later this year.