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Textron Subsidiary Buys Adam Aircraft-New Cessnas?  
User currently offline2H4 From United States of America, joined Oct 2004, 8956 posts, RR: 59
Posted (7 years 6 months 5 days 4 hours ago) and read 1784 times:

....From Flight Global:

Quoting article:
Textron subsidiary AAI Acquisitions is the new owner of Adam Aircraft after it bid successfully for the bankrupt aircraft manufacturer.

The $10 million purchase brings Adam, producer of the A500 piston twin and A700 very light jet, into the same corporate family as Bell Helicopter and Cessna.

Interesting news. Given Cessna's recent acquisition of Columbia, I wonder if we're due to see these Adam Aircraft models rebadged as Cessnas:

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Photo © Adam Wright
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Photo © Ralph Duenas - Jetwash Images


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3 replies: All unread, jump to last
User currently offlineShyFlyer From , joined Dec 1969, posts, RR:
Reply 1, posted (7 years 6 months 5 days ago) and read 1699 times:

I think the A500 would have a chance, not to sure about the A700.

User currently offlineADent From United States of America, joined Dec 2006, 1483 posts, RR: 2
Reply 2, posted (7 years 6 months 4 days 23 hours ago) and read 1666 times:

The Colombia line was a successful line with years of service.

There are 7 A500's 2 years after (initial limited) certification and it seems the aircraft is overweight and still has a few engineering issues to work out (240ish pounds of unusable fuel is an example). Still looks like a good basic design and Cessna could well work out the rough edges.

User currently offlineADent From United States of America, joined Dec 2006, 1483 posts, RR: 2
Reply 3, posted (7 years 6 months 1 day 20 hours ago) and read 1526 times:

FYI the article quoted in the first posting was corrected

[Correction: The original article incorrectly linked private equity firm AAI Acquisitions to Textron subsidiary AAI Corp. In fact, the two firms are not related.]

The Rocky Mountain News said AAI was funded with Russian money.

[AAI Industries is backed by a Russian private-equity firm that has stakes in two aviation-related companies.

From: http://www.rockymountainnews.com/new...ires-assets-plans-to-restart-firm/ .

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