Adam Aircraft Falls Into Bankruptcy

Business Jet Traveler » April 2008
Tuesday, April 1, 2008 - 5:00am

Adam Aircraft of Englewood, Colo., suspended operations on February 11 and four days later filed Chapter 7 bankruptcy, meaning the company will be liquidated. Adam had certified the A500 piston twin and was working on certification of the A700 very light jet. Although Lynn Tilton, CEO of MD Helicopters, had suggested at the annual Heli-Expo convention in late February that her company's financial backers might be interested in purchasing the assets of a "struggling VLJ manufacturer," no developments along these lines have yet been announced.

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““When I made the film The Invention of Lying, they gave me a private jet for getting back and forth between New York and London. I thought, ‘I will never use it’ but I ended up using it every weekend. You turn up, right, and the airport is completely empty. I mean, there’s just someone at the desk and then the pilot, who says, ‘Are you ready to go?’ and you say, ‘Don’t you want to see my passport?’ and he goes, ‘Oh yeah, I suppose I’d better.’” ”

-—actor and comedian Ricky Gervais