The assets of insolvent iconic planemaker Pacific Aerospace have been sold to two North Island business people with a strong interest in aviation, the New Zealand Herald reports. 

Neil Young and Dee Bond, owners of the Mercer airfield and Mercer businesses, the Tuakau Hotel, and other properties confirmed to the Herald they were the purchasers of the Hamilton-based light aircraft designer and manufacturer which was put into liquidation in March.

Young said they wanted to "wait until the dust settles" to discuss the operation's future.

Pacific Aerospace employed 93 people, many highly skilled veterans of the aircraft exporter when it was put into liquidation.

Business commentator Rod Oram joined Andrew Dickens to discuss the deal and why it's a big deal the company has been sold. 

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