The recession has put the spike to some major new jet development programs, delayed others and shuttered some undercapitalized aircraft companies altogether.
Adam A700
August 26, 2009 - 7:44am
Moribund Adam Aircraft has a new owner. Thomas Hsueh says he plans to decide by year-end whether to place a modified version of the piston-powered A500 push-pull twin into production. He has hired very light jet designer Luc Van Bavel, a veteran of the Safire Jet and Diamond D-Jet programs, to evaluate changes required to make the 500 commercially viable.
April 30, 2009 - 12:15pm
AAI Acquisition, the company formed to buy the assets of bankrupt Adam Aircraft Industries, is closing its doors at Centennial Airport in Englewood, Colo. “It’s come to a very quiet and sad ending,” said Robert Olislagers, airport director of Centennial Airport, where Adam Aircraft certified and produced the composite A500 piston twin and tried to certify the A700 very light jet.
April 29, 2009 - 12:13pm
Former American Airlines chief Robert Crandall’s plans to blanket the Northeast U.S. with a fleet of air-taxi Eclipse 500 very light jets under the Pogo Jet brand name have come to an end. In a filing with the Securities and Exchange Commission, Pogo Jet of Chicopee, Mass., applied to withdraw its registration statement for an initial public stock offering.
February 27, 2009 - 11:48am
Russian investment firm Industrial Investors in late January announced its intention to sell all or a portion of AAI Acquisition, the company formed to buy the assets of bankrupt very light jet developer Adam Aircraft Industries last April. According to a company spokesman, Industrial Investors would prefer to find a partner help to develop the A700, but it would also sell AAI outright if needed.
January 30, 2009 - 2:16am
Russian investment firm Industrial Investors today announced it is seeking to sell all or a portion of AAI Acquisition, the company formed to buy the assets of bankrupt very light jet developer Adam Aircraft Industries last April.
January 27, 2009 - 6:20am
Russian investment firm Industrial Investors late last month announced it is seeking to sell all or a portion of AAI Acquisitions, the company formed to buy the assets of bankrupt very light jet developer Adam Aircraft Industries last April.
December 2, 2008 - 10:59am
AAI Acquisition, the company formed by Russian investment firm Industrial Investors to buy the assets of bankrupt very light jet developer Adam Aircraft Industries in April, last week revised its business plan to offer engineering and composite manufacturing services to other companies.
December 1, 2008 - 6:21am
The fortunes of the A700 are again on the wane, following the announcement that the company halted all certification and flight-testing activities at the end of October. AAI Acquisition, the Russian-investor-financed company that bought the assets of Adam Aircraft after the VLJ developer went bankrupt, is examining its strategy for moving forward.
December 1, 2008 - 5:15am
The VLJ era started with a bang on March 6, 2000, when Eclipse Aviation announced the formal launch of the Eclipse 500, a program “designed to apply technological breakthroughs in creating a series of safe, reliable, low-cost jet aircraft that will enable transformation of the U.S. air transportation system.”
