In 1991 the manufacturing rights to build the single engine Commander were sold to a new company called Commander Aircraft Company.  The new Commander Aircraft company opted to build only the 114 variant, from the original 111, 112 and 114 line.  The new 114, designated 114B is the same basic design as the Rockwell 114 with some   enhancements.  The  enhancements include a more aerodynamic cowling,   and a modernized cockpit.  The 114B was issued a type certificated on May 4, 1992.  The powerplant for the 114B is the Textron Lycoming IO-540-T4B5 which develops 260hp.

The Commander Aircraft company also offers a turbocharged version of there 114B, designated as the 114TC.  The 114TC is powered by the Textron Lycoming TIO-540 which develops 270hp.   Commander Aircraft also offers an 114AT model which is targeted for flight training.