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?
Adam Aircraft Industries
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.
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.
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.
Cessna Aircraft announced yesterday an order for 20 Citation Mustang very light jets from Russian charter operator Dexter and 24 Citations by Austria’s Jetalliance. Dexter is owned by two Russian private equity firms, Industrial Investors and Kaskol. Industrial Investors is the company behind AAI Acquisitions, which bought the assets of bankrupt Adam Aircraft Industries in April for $10 million dollars.
Nimbus Group is now looking at the recently announced Adam 700 very light twinjet for its proposed affordable nationwide jet-taxi network. The Fort Lauderdale, Fla. company recently failed to obtain sufficient financing to complete its proposed purchase of 1,000 Eclipse 500 very light twinjets.
The lightest end of the business jet market gained another player last month as Adam Aircraft Industries of Englewood, Colo., unveiled a mockup of a twin-engine jet based on its all-composite Adam 500 centerline piston twin. Powered by Williams International FJ33 turbofans, the $1.995 million, six-seat Adam 700 is expected to make its first flight in about 10 months and be in the hands of its first customers by late 2004.
With the first flight of A500 S/N 0001 on July 11, the centerline-thrust, six-seat piston twin is poised to begin flight testing leading to certification, expected in the middle of next year. Three more of the carbon-fiber airplanes will join the program as they are produced. The proof-of-concept aircraft, designated M309 and designed by Burt Rutan, began flying in March 2000 and logged more than 300 hr before being retired.
The resilience of general aviation was never more in evidence than at EAA’s AirVenture in late July, when an estimated 750,000 airplane buffs made the annual pilgrimage to east central Wisconsin for the 50th time.
United Technologies president Louis Chenevert has been elected CEO by the company’s board of directors. He will succeed George David, who will continue as chairman of the board. Chenevert will retain his position as UTC president.
David Watrous, president of the non-profit aviation advisory group RTCA, announced that he will be retiring this year after 19 years with the organization.