Aircraft
Mustangs galloping to Russia
Cessna Aircraft announced yesterday an order for 20 Citation Mustang very light jets from Russian charter operator Dexter and 24 Citations by Austria’s Jet

Cessna Aircraft announced yesterday an order for 20 Citation Mustang very light jets from Russian charter operator Dexter and 24 Citations by Austria’s Jetalliance. Dexter is owned by two Russian private equity firms, Industrial Investors and Kaskol. Industrial Investors is the company behind AAI Acquisitions, which bought the assets of bankrupt Adam Aircraft Industries in April for $10 million dollars. Dexter CEO Eugene Andrachnikov didn’t comment on why the company is ordering Mustangs given that its sister company is planning to revive the Adam A700 program.

Andrachnikov said he visited all the VLJ manufacturers last year to evaluate which model to buy. This included a visit to Adam Aircraft, at which time the Russian investors got acquainted with the now-former Adam Aircraft team members who are part of the AAI Acquisition effort.