Adam A700

February 26, 2008 - 6:57am

Yesterday at Heli-Expo in Houston, MD Helicopters CEO Lynn Tilton told the aviation press that she is “probably going to buy a very light jet”–not just an airplane, but an entire company. Tilton added that she has been negotiating with a composites production firm in Italy.

February 26, 2008 - 5:36am

At a time when business jet deliveries are setting record highs (see page 3), Adam Aircraft, an Englewood, Colo. piston twin and very light jet developer, has ceased operations. Adam Aircraft is the second of the modern crop of very light jet manufacturers to shut down (Aviation Technology Group was the first), hobbled by a lack of funding at a critical time in development of the all-composite A700 twinjet.

February 26, 2008 - 5:36am

At a time when business jet deliveries are setting record highs (see page 3), Adam Aircraft, an Englewood, Colo. piston twin and very light jet developer, has ceased operations. Adam Aircraft is the second of the modern crop of very light jet manufacturers to shut down (Aviation Technology Group was the first), hobbled by a lack of funding at a critical time in development of the all-composite A700 twinjet.

February 19, 2008 - 9:49am

On Friday, Adam Aircraft voluntarily filed Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the District of Colorado, bringing an official end to the Englewood, Colo.-based start-up aircraft manufacturer after it ceased operations on Monday last week. In the filing, Adam Aircraft lists more than 200 creditors, $50 million to $100 million in liabilities and between $1 million and $10 million in assets.

February 19, 2008 - 9:49am

On Friday, Adam Aircraft voluntarily filed Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the District of Colorado, bringing an official end to the Englewood, Colo.-based start-up aircraft manufacturer after it ceased operations on Monday last week. In the filing, Adam Aircraft lists more than 200 creditors, $50 million to $100 million in liabilities and between $1 million and $10 million in assets.

February 12, 2008 - 10:30am

Last night Adam Aircraft announced it is suspending operations at its facilities in Englewood and Pueblo, Colo., because of funding issues at the start-up aircraft manufacturer. “This measure was required due to the inability of the company to come to terms with its lender for funding necessary to maintain business operations.

February 12, 2008 - 10:30am

Last night Adam Aircraft announced it is suspending operations at its facilities in Englewood and Pueblo, Colo., because of funding issues at the start-up aircraft manufacturer. “This measure was required due to the inability of the company to come to terms with its lender for funding necessary to maintain business operations.

February 5, 2008 - 11:37am

Very light jet developer Adam Aircraft has laid off 300 employees and temporarily suspended operations at its satellite facility in Ogden, Utah. “To provide for our future growth,” said Adam Aircraft president Duncan Koerbel, “we must be strategic in our focus by managing current cash expenditures to ensure adequate time to secure financing for the long term.

February 5, 2008 - 11:37am

Very light jet developer Adam Aircraft has laid off 300 employees and temporarily suspended operations at its satellite facility in Ogden, Utah. “To provide for our future growth,” said Adam Aircraft president Duncan Koerbel, “we must be strategic in our focus by managing current cash expenditures to ensure adequate time to secure financing for the long term.

February 4, 2008 - 6:18am

Rick Adam, CEO of Adam Aircraft, told AIN at last month’s Sun ’n’ Fun airshow in Lakeland, Fla., that the A700 very light twinjet would make its first flight in the second half of this year and obtain certification next year. He said his company’s A500 inline piston twin, which is currently in flight testing and expected to earn FAA approval in July, is eliminating much of the risk for the Williams FJ33-1-powered A700.

 
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