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 you get into the larger aircraft it becomes like a hotel, with dozens of staff supporting the plane based in a galley area down below. You have very comprehensive cooking facilities, and on larger aircraft we have looked at theatres, with spiral staircases and a Steinway grand piano. The limitations for what you can put inside a plane are pretty much the limits of physics, and even money cannot always overcome that. Even so, people are still always trying to push [the limits]. ”

-Howard Guy of Design Q, a UK-based consultancy