AASI Jetcruzer

January 8, 2008 - 7:31am

It has been a turbulent year for the aviation industry: a stalled economy, company failures and bankruptcies, layoffs and furloughs, management changes, product-line overhauls, security regulations and new aircraft launches. What follows below are the people who shaped 2002, as chosen by AIN’s editors.

November 14, 2007 - 9:43am

It is AIN’s normal approach to report the news without comment.

October 12, 2007 - 11:07am

Nine U.S. and two non-U.S. companies that signed up to be distributors of the SJ30-2 are suing Sino Swearingen for damages after receiving a letter from the San Antonio-based company informing all 22 worldwide distributors that their current agreements with the company are no longer valid and giving them rights of first refusal to reapply as distributors under much stricter arrangements.

October 12, 2007 - 6:10am

According to a statement by Raytheon Aircraft chairman and CEO Jim Schuster last month, certification of the super-midsize Hawker Horizon is still expected for late this year, but “our main focus is not so much the certification milestone, but to assure that we introduce a reliable, producible aircraft that meets or exceeds all of our customer expectations.

October 8, 2007 - 12:35pm

On April 29 Advanced Aerodynamics & Structures Inc. of Long Beach, Calif., announced it had completed its acquisition of the assets of Mooney Aircraft Co. and had, as expected, changed its name to Mooney Aerospace Group Ltd.

October 4, 2007 - 5:26am

Advanced Aerodynamics & Structures, which completed its acquisition of the assets of bankrupt Mooney Aircraft on April 29 and changed its name to Mooney Aerospace Group, has indefinitely suspended development of the Jetcruzer 500.

April 3, 2007 - 5:57am

Like the mythical phoenix, the AASI Jetcruzer 450/500 may arise from its ashes to fly again, this time as a single-turbofan, experimental airplane rather than a certified single-turboprop pusher. It was in April 2002 that Advanced Aerodynamics & Structures Inc. (AASI), after completing its acquisition of the bankrupt Mooney Aircraft Co., changed its name, as expected, to Mooney Aerospace Group (MASG).

January 8, 2007 - 9:45am

Former Sino Swearingen senior v-p of sales and marketing Gene Comfort is suing the SJ30-2 manufacturer for alleged promised bonuses, vacation pay owed, wrongful termination and economic and emotional damages.

October 11, 2006 - 6:33am

Quest Aircraft of Sandpoint, Idaho, received its first orders last month for the Kodiak, a high-wing, fixed-gear turboprop single, a prototype of which is currently in flight test. The orders are for seven aircraft. The 10-place, float-capable STOL airplane is powered by a single 750-shp Pratt & Whitney Canada PT6A. FAA certification is planned for next year.

September 20, 2006 - 7:55am

Former Sino Swearingen president and CEO Carl Chen and former senior v-p of sales and marketing Gene Comfort are, in separate lawsuits, suing the company for wrongful termination and other alleged offenses.

 
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