News

A Colorado bankruptcy court has approved the sale of the assets (and some liabilities) of Adam Aircraft Industries to AAI Acquisition Inc. for $10 million. The company is a subsidiary of Russia-based Industrial Investors, which, according to a company release, owns Russian air taxi operator Dexter and what it calls a business jet airline called […]

Diesel aircraft engine maker Thielert AG’s board of directors has removed founder Frank Thielert as chief executive amidst a cash crisis that’s prompted a sell-off of shares to raise $24.4 million Euros to cover immediate needs. The company’s shares have plummeted in value in recent months in response to a court decision that nullified its […]

Boeing announced on Tuesday that its 787 Dreamliner will be delivered 14 to 16 months late, but some industry analysts said that was good news, the Seattle Times reported — it at least was a schedule they could believe. The original completion date had already has been pushed back twice. This week, the company added […]

Kansas politicians can get things done in a hurry if they want to, as proven by the meteoric passage of an incentive package to ensure Cessna kept its Columbus 850 plant in Wichita. On March 31, Cessna told state officials it wanted $25 million in cash to build a factory to build the $27 million […]

AAI Acquisition is the new owner of Adam Aircraft after a deal was struck with bankruptcy trustees last week. However, the bargain-basement buyout of the company, which spent hundreds of millions of dollars developing the A500 piston twin and A700 very light jet was protested by one of the creditors, according to the Denver Post. […]

Avidyne has introduced an integrated flight deck and retrofit for the Cessna 441 Conquest II that brings all the modern avionics conveniences to the venerable twin turboprop. The Alliant Retrofit was introduced at Sun ‘n Fun on Tuesday and puts Avidyne’s Envision Integrated Flight Deck System and S-TEC 2100 digital autopilot on two large-screen displays. […]

Jeppesen is putting its prodigious database at the fingertips of clients who need flight information on the go. With technology partner Hilton Software, which has figured out how to make all that information available to your personal communicator. And its an impressive array of information that can be displayed on that little screen. From DUATS […]

Cessna has stopped calling its NGP design project a next-generation piston, and this week instead identified it as a “next generation propeller” aircraft. With the addition of the former Columbia single-engine airplanes, now the Cessna 350 and 400, Cessna said it is working on re-positioning the NGP to “fit logically” into its product lineup. Our […]

Since getting its program underway to build the long-awaited LoPresti Fury a few years ago, the LoPresti company has been looking for just the right place to build a new facility. This Tuesday, at Sun ‘n Fun, CEO Curt LoPresti announced the company will move to the airport in Sebastian, Fla., by the first quarter […]

Insurance options for those who fly powered parachutes and weight-shift aircraft (trikes) have long been scarce, but new plans now available should cover most needs, EAA announced at Sun ‘n Fun on Tuesday. Bob Mackey, lead representative for the EAA Aircraft Insurance Plan, said the new plan is very flexible, and will cover pilots from […]