Now that AAI Acquisition has purchased the assets of bankrupt Adam Aircraft, the number-two priority is to finish the FAA certification process for the A700 very light jet, according to Jan D’Angelo, the former director of international and fleet sales for the aircraft manufacturer. D’Angelo is part of a group of former Adam Aircraft employees that joined with Russia’s Industrial Investors to form AAI Acquisition and buy Adam Aircraft. The number-one priority, D’Angelo said, “is safety and regulatory compliance. That never changes.”
When D’Angelo and his colleagues entered the Adam facilities at Centennial Airport in Englewood, Colo., after the April 15 purchase was finalized, everything was dusty, he said. “It’s been idle for two months. It will take some time to get things in order.” AAI Acquisition paid $10 million, in addition to funds to secure leases on the Adam properties at Centennial Airport.
