Aero-Smith Inc. has bought a former aircraft assembly plant in Berkeley County at a foreclosure auction.
The Journal reports that Aero-Smith submitted the winning bid of $435,000 during the auction Thursday on the steps of the Berkeley County Courthouse in Martinsburg.
Under the sale’s terms, Aero-Smith will have to pay back taxes owed by the plant’s former owner, Aviation Solutions.
Aero-Smith President George Smith declined to discuss plans for the property.
Aero-Smith is the fixed base operator at the airport. The company provides fueling, hangars and other services.
Tiger Aircraft opened the plant and produced four-seat general aviation airplanes from 2001 to 2006. Tiger declared bankruptcy in 2007.
Aviation Solutions bought the plant in 2011.
Filed Under: Aerospace + defense
