“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
ATG Javelin May Be Resurrected
Since suspending development of the two-seat Javelin very light jet program in late December, the board of directors at Aviation Technology Group of Englewood, Colo., has continued to negotiate with Israel Aerospace Industries (its strategic partner) and financial institutions. According to ATG, the board's efforts are now "focused on negotiations with interested parties pursuing a possible sale or a majority buyout of ATG." The company said several teams are seeking potential buyers, requesting their "best and final offer bids."