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| Tuesday, February 12, 2008 |
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Adam Aircraft Suspends Operations
By FlyingNews @ 8:21 AM :: 670 Views ::
0 Comments :: General Aviation, Business Aircraft Manufacturers, Small Aircraft Manufacturers
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In a difficult but necessary move, Adam Aircraft Industries suspended operations today at its facilities in Colorado. This measure was required due to the inability of the company to come to terms with their lender for funding necessary to maintain business operations. The company is currently exploring all of its alternatives and will provide further guidance when decisions are made, which is expected to be later this week.
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