Adam Aircraft Industries

February 26, 2008 - 5:46am

General aviation manufacturers enjoyed another record-breaking year last year, with billings totaling $21.9 billion, up 16.5 percent from the previous year, and worldwide shipments reaching 4,272 airplanes, up 5.4 percent. For the first time ever, shipments of jets exceeded the 1,000-per-year milestone, climbing to 1,138 last year.

February 26, 2008 - 5:46am

General aviation manufacturers enjoyed another record-breaking year last year, with billings totaling $21.9 billion, up 16.5 percent from the previous year, and worldwide shipments reaching 4,272 airplanes, up 5.4 percent. For the first time ever, shipments of jets exceeded the 1,000-per-year milestone, climbing to 1,138 last year.

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 7, 2008 - 10:14am

Englewood, Colo.-based Adam Aircraft isn’t yet saying whether it met a “self imposed” deadline of January 31 to raise $30.5 million in short-term funding. On January 15, Adam Aircraft CEO John Wolf sent a letter to investors warning that the private company could liquidate some shareholder assets if the short-term financing round failed.

February 7, 2008 - 10:14am

Englewood, Colo.-based Adam Aircraft isn’t yet saying whether it met a “self imposed” deadline of January 31 to raise $30.5 million in short-term funding. On January 15, Adam Aircraft CEO John Wolf sent a letter to investors warning that the private company could liquidate some shareholder assets if the short-term financing round failed.

 
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