Piper Finalizes Deal with Brunei

Despite some media reports stating that Piper Aircraft was recently sold to the Government of Brunei, the Vero Beach, Fla. airframer told AIN that the transaction of authority for the company from Imprimis, a corporate finance and investment management firm, to Brunei’s Ministry of Finance was merely a formalization of the original 2009 sale of the company by American Capital.