MEMBER ALERT: AOPA will be closed for the Thanksgiving holiday from 2:30 p.m. Eastern Nov. 26 until 8:30 a.m. Eastern Dec. 1.We are thankful for all of our AOPA members. Happy Thanksgiving!
October 6, 2008
By Dave Hirschman
AAI Acquisitions Inc., the Russian-backed company that bought the rights to defunct Adam Aircraft this year, said it’s on track with A700 flight testing and expects FAA certification of the twin-engine very light jet in the first half of 2010.
“We’ll be priced right with the Cessna Mustang and (Embraer) Phenom 100,” said Jack Braly, chief executive at AAI. “Our performance will be very competitive, too. From the numbers we’re seeing (in flight testing), we’ll be very competitive.”
The six-seat, twin-boom A700 is projected to have a top speed slightly above 340 KTAS at 41,000 feet, but Braly declined to give specific performance numbers or set a firm retail price.
AAI has about 200 employees and plans to expand to 300 next year.
The company hopes to ramp up production and deliveries to a peak of 100 airplanes a year in 2014.
Braly said he expects FAA type and production certification to cost about $200 million.
AAI’s backers are “very committed” to the project, he said, and will provide additional funds as necessary.
The A700 will use Williams turbofan engines, Braly said, and be sold through a network of as-yet-unnamed dealers.
Braly said he expects to announce an avionics supplier “very soon.”
AOPA Pilot Senior Editor Dave Hirschman joined AOPA in 2008. He has an airline transport pilot certificate and instrument and multiengine flight instructor certificates. Dave flies vintage, historical, and Experimental airplanes and specializes in tailwheel and aerobatic instruction.
November 28, 2014 ePilot Training Tip: 'Pilots are encouraged'
November 28, 2014 'Sky Kids' fly jet; Don't wait to go around
Pilots have a chance to double the impact of their donations to the AOPA Foundation as the nonprofit nears its goal for a matching gift challenge.
VOLUNTEER AT AN AOPA FLY-IN NEAR YOU!
SHARE YOUR PASSION. VOLUNTEER AT AN AOPA FLY-IN. CLICK TO LEARN MORE >>>
VOLUNTEER LOCALLY AT AOPA FLY-IN! CLICK TO LEARN MORE >>>
BE A PART OF THE FLY-IN VOLUNTEER CREW! CLICK TO LEARN MORE >>>