Adam Aircraft Bankruptcy Auction
Published April 3rd, 2008
GoIndustry-DoveBid has been appointed by the United States Bankruptcy Court of Colorado and trustee of Adam Aircraft Industries to manage the sale of its assets.
Founded in 1998, Adam Aircraft (www.adamaircraft.com) designed and manufactured a family of innovative general aviation aircraft, including the centerline thrust, twin-engine A500, and the A700 twin-engine very light jet. The A500 aircraft has been Type Certified by the FAA; and the A700, at the time of bankruptcy filing, was undergoing flight test and development with certification anticipated in late 2008. The company used computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. Operations of the Colorado facilities were suspended in February 2008. The Company employed approximately 800 skilled workers and engineers.
The Company is being offered as an Enterprise Sale with bids in excess of $10 million due on April 3, 2008. If an acceptable bid is not received, assets will be sold in a Webcast / Online auction conducted live in Englewood, Colorado and over the Internet at www.dovebid.com on April 30 and May 1, 2008, beginning at 9:00 a.m. Mountain Time each day.
Detailed preview information, asset catalog, and online bidding instructions are available at www.dovebid.com
