Utilicraft Aerospace Industries, a spin-off of American Utilicraft, last month gave Metalcraft Technologies (MTI) the go-ahead to construct the initial subassembly center fuselage section of the prototype FF-1080-300, as per the terms of a manufacturing agreement struck between the companies late last year.
American Utilicraft (AWC) last month said that WSI Hong Kong had signed a letter of intent in November last year “to facilitate on-going discussions and negotiations for positions on 300 FF-1080 Freight Feeder Aircraft, including exclusive rights for sales and support in the Far East Markets.” According to John Dupont, president and CEO of AUC, this indicates the company’s efforts to launch “back into the market” post-9/11, and is a statement
American Utilicraft last month said it will spin off Utilicraft Aerospace Industries, a newly formed Nevada corporation, as part of an agreement with The Navajo Nation, which is investing $34 million in exchange for a 25-percent stake in the new company. The funds will be used for Phase I FAA certification for the FF-1080-300 freight feeder.
There are signs of life at Utilicraft Aerospace, which now trades on the stock market as symbol UITA on the Over The Counter Bulletin Board. Utilicraft also announced plans to build a new facility at Double Eagle II Airport in Albuquerque, N.M. Early last month the company signed a letter of intent for construction of a 55,000-sq-ft facility where it will build the twin-engine FF-1080-300ER.
- Page 2