“Don’t play games that you don’t understand, even if you see lots of other people making money from them. ”
Adam Aircraft Sells Very Light Jets in China
Adam Aircraft may have taken the first very light jet order from the People's Republic of China. The Denver-based manufacturer announced receipt of a firm order for 50 AdamJet A700 twin-boom VLJs from Hainan Zhong Hang Tai General Aviation Airlines, the China-based operating entity of Ameritech Aerospace.
The acquisition, according to Adam Aircraft, is part of the Chinese company's strategy of capitalizing on the country's fast-growing general aviation market with a fractional-share program and air-taxi operation. Adam expects the A700 to receive FAA certification in early 2008.