Adam A700

October 30, 2008 - 12:14pm

AAI Acquisition, the company formed by Russian investment firm Industrial Investors to buy the assets of bankrupt VLJ developer Adam Aircraft Industries in April, on Tuesday afternoon eliminated 177 of 209 jobs and suspended flight test and development activity.

October 27, 2008 - 9:49am

AAI Acquisition, which bought the assets of bankrupt Adam Aircraft in April, now has about 200 employees and says that design, manufacture and test activities have resumed for the A700 very light jet. According to CEO Jack Braly, the FAA has agreed to accept A700 certification work previously completed by Adam Aircraft.

October 9, 2008 - 11:26am

AAI Acquisition, which bought the assets of bankrupt Adam Aircraft in April, now has about 200 employees and says that design, manufacture and test activities have resumed for the A700 very light jet. The company is backed by Russian investment firm Industrial Investors/Kaskol, which is injecting capital as the company reaches certain milestones.

October 7, 2008 - 7:52am

AAI Acquisition (Booth No. 3383), which acquired the assets of bankrupt Adam Aircraft in April, now has about 200 employees and announced that design, manufacture and test activities have resumed for the A700 very light jet.

September 30, 2008 - 10:48am

This year has seen some significant changes in the very light jet (VLJ) category, with two manufacturers going bankrupt and another facing serious financial challenges.
Aviation Technology Group was the first of the modern crop of very light jet manufacturers to fold, having filed for liquidation (Chapter 7 bankruptcy) in May.

August 8, 2008 - 9:35am

Nowhere is the boundary layer between piston airplanes and small business jets becoming less defined than in avionics. At Oshkosh, Avidyne of Lincoln, Mass., announced that both Adam Aircraft (for its A700 twinjet) and Advanced Technologies Group (for its tandem two-seat jet) have selected Avidyne’s FlightMax Entegra integrated avionics systems.

August 6, 2008 - 10:33am

If Paris is the Big Daddy of airshows–high-powered, straight-laced and eminently button-down–then Oshkosh is the Big Mamma, her arms open wide as the Wisconsin prairie, beckoning teeming masses of aviation enthusiasts to their spiritual home in the heartland of America. So what better place could there be than the Experimental Aircraft Association’s AirVenture to really kick off the centennial of the first manned, powered flight?

July 29, 2008 - 11:40am

AAI Acquisition, which bought the assets of Adam Aircraft Industries for $10 million after Adam filed for bankruptcy in February, is ramping up the certification program for the A700 very light jet. The company has hired 125 employees, mostly engineers, and is working toward A700 certification late next year or in early 2010.

July 29, 2008 - 9:28am

AAI Acquisition, which bought the assets of Adam Aircraft Industries for $10 million after Adam filed for bankruptcy in February, is ramping up the certification program for the A700 very light jet. The company is working toward A700 certification in late 2009 or early 2010. Jack Braly, former Beech Aircraft president and president and CEO of Sino Swearingen Aircraft, is acting CEO for AAI.

July 7, 2008 - 6:35am

In 1998, entrepreneur George Frederick “Rick” Adam and attorney John Knudsen began a journey that few dare to try and even fewer succeed at, launching a new aircraft manufacturing company from scratch and without having previously worked in the aviation manufacturing industry.

 
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