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Old February 21st 08, 03:27 AM posted to rec.aviation.piloting
William Hung[_2_]
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Posts: 349
Default Adam Aircraft Files For Chapter 7 Liquidation

On Feb 20, 5:43*pm, "Darkwing" theducksmail"AT"yahoo.com wrote:
"AJ" wrote in message

...I knew these guys were having problems, but I didn't know it was this
bad:


ANN REALTIME REPORTING 02.19.08 1430 EST: Aero-News has learned Adam
Aircraft has filed for Chapter 7 liquidation, effectively dashing
hopes the company would manage an 11th-hour funding miracle and
continue operations.


SNIP

Cutting back on the full page 4 color ads in every flight magazine for the
last 2-3 years might have gave them a few more months!


Agreed. Too bad, I liked the way it looked. I supposed they used up
a lot of money trying to catch the booming VLJ market.

Wikl