Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

Aviation Technology Group (ATG) of Englewood, Colo., laid off 40 of its 50 employees yesterday while it struggles to stay aloft to continue development of its two-seat Javelin very light twinjet. Last week, a company spokeswoman told AIN that the company was pursuing a bridge loan and long-term funding. She was optimistic that the bridge loan would close by last Friday, but apparently that deal fell through, forcing the layoffs. In the meantime, board member Horst Bergmann said the company continues to seek about $200 million in long-term funding via Citigroup, though it also plans to meet with partner Israel Aerospace Industries (IAI) in hopes of getting more investment from IAI. However, behind the scenes the prospects appear grim; Bergmann said ATG told dismissed employees that if they find another job “they should really try to grab it, and we are going to help them in doing that.” For now, Bergmann said the company “is still operating, but that may change one way or the other this week or this month.”

ATG’s Javelin Program Running Out of Cash

Aviation Technology Group (ATG) of Englewood, Colo., laid off 40 of its 50 employees yesterday while it struggles to stay aloft to continue development of 

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