In The Works: Utilicraft FF-1080-300 | Aviation International News

In The Works: Utilicraft FF-1080-300

American Utilicraft last month said it will spin off Utilicraft Aerospace Industries, a newly formed Nevada corporation, as part of an agreement with The N

By Chad Trautvetter • Online Editor

January 29, 2007

American Utilicraft last month said it will spin off Utilicraft Aerospace Industries, a newly formed Nevada corporation, as part of an agreement with The Navajo Nation, which is investing $34 million in exchange for a 25-percent stake in the new company. The funds will be used for Phase I FAA certification for the FF-1080-300 freight feeder.

Upon completion of the transaction, American Utilicraft shareholders will receive one share of Utilicraft Aerospace Industries common stock for each share of the existing company. Under the new structure, non-management shareholders will own 24 percent of the new company, while Utilicraft president and CEO John Dupont and v-p and general manager Darby Boland will jointly own 51 percent of the company’s common shares.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

Aura Aero Flies Former VoltAero Aircraft As Testbed

Aura Aero makes first flight of hybrid-electric testbed since acquiring assets

Modified Cessna 337 Skymaster over coast r

ACJ: Strong Large-aircraft Market Growth Ahead in Asia

Research finds most financiers and brokers in Asia see market demand increasing

Airbus Corporate Jets ACJTwoTwenty

Britten-Norman Targets Eight New-build Islanders Annually

UK production expansion follows inaugural flight of latest Bembridge-built unit

Britten-Norman Islander

Bizjet Market Value To Reach $60B per Year in Next Decade

Market estimated to grow from $27 billion in 2025 to more than $60.5 billion

Phenom 100

Atlas Will Build Electra’s EL9 Hybrid-electric Prototypes

Wichita-based aerospace manufacturing group has partnered with the U.S. start-up

Electra EL9 aircraft

Honda Aircraft Finishes Echelon Wing, Delays 1st Flight

Final assembly of the first jet will take place early next year

Honda Aircraft team and the Echelon wing

Cape Air To Add Eight Caravans for Montana Service

Will introduce aircraft in 2027 to the Montana network

Textron Aviation Cessna Grand Caravan EX

The 25th Anniversary of 9/11: How it Changed Airbus and Boeing

The fall-out from the terror attacks was to have short- and long-term consequences

Boeing Sonic Cruiser