Industrial Investors Puts AAI on the Block

 - 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.