| About a year after it's introduction, the building rights to the Buccaneer XA were transferred to Advanced Aviation, owned by the Richter family, who were producing the Cobra Series of single and two place ultralights and ultralight trainers. In the mid 1980's John Gruenner, one of the original Highcraft Aeromarine owners, working closely with Bob Bailey, while working out of the Advanced Aviation facilities began development of a new aircraft, the Buccaneer II. This craft was a side by side seating two place, center hull, amphibian, in a pusher configuration. The Buc II went under a number of hull redesigns before it was finally introduced to the market at Sun N Fun in 1986. Sales at Sun N Fun overwhelmed the factory, and a number of new employees had to be hired to try to keep up with the orders. One of the people hired was an recent immigrant to the U.S. Carlos Pereyra. Carlos had been involved in aviation in his native country and with his brother and had designed and built several ultralight and what are now called light sport aircraft. A number of years later the Richter family sold Advanced Aviation. Carlos had moved through the ranks of employees at Advanced Aviation to become production manager. He continued on in this position with the new company and was responsible for production of the Buccaneer II, Buccaneer SX single place, and a strut braced clone of the Drifter called the Explorer. While the production end of the new company went well, the sales and management faltered resulting in the closing of factory. In 1994 Carlos teamed with Greg Arnett to form Arnet Pereyra Inc. and began manufacturing the Aventura line of single hull amphibious ultralight and light sport aircraft. Winning the E.A.A Amphibian design of the year in 1995. Arnet Pereyra also produced the Toucan, a strut braced Drifter style aircraft. In 2003 Arnet Pereyra was taken over by Aero Adventure Inc. Aero Adventure now produces the full line of Arnet Pereyra aircraft and supplies parts and accessories for the Buccaneer single and two place ultralight and light sport aircraft. | 
