The Canadian Press

1992-01-20 | Piper

Preview Clip

After being wooed by several provinces, the financially troubled Piper Aircraft Corporation of Florida announced a deal to move to Saskatchewan. The move would be financed by the Saskatchewan government, Piper and a group of investors led by Ohio-based Cyrus Eaton and Harvard Developments of Regina. Piper president Stuart Millar said his company was being forced to move to Canada because of the staggering cost of liability claims in the US. (The deal fell apart in early May when Piper withdrew its offer to sell its assets to the Saskatchewan group. Negotiations continued with the consortium and a BC group trying to bring the company to Kelowna.)

Date: 1992-01-20
Placeline: REGINA, Saskatchewan.
Source: The Canadian Press
Length: 24 seconds

Transcript Prediction: << why we were successful in controlling product liability we could not control the perception in the Staggering risk of being uninsured and it was impossible to ensure therefore the only family accumulated the orders for this business we could not attract Equity we could not attract lending in the United States because the saigling risk they saw product liability is pain >>