Industrial Investors Puts AAI on the Block

Aviation International News » March 2009
February 27, 2009, 11:48 AM

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.

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