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Wed, May 26, 2004

That's A Big Order!

Adam Aircraft Announces $150 Million Order For Its New Breed Of Personal Jets

Adam Aircraft says a new air taxi company led by aviation industry legends Donald Burr and Robert Crandall has placed a 75 aircraft order for its A700 AdamJet. The new air taxi company (so new it doesn't even have a name yet) claims to be creating a new class of on-demand, point-to-point air transportation bringing the benefits of private jet travel to a much broader group of frequent travelers. Both Adam Aircraft and the new venture think they will be the first to market in this closely-followed aviation segment, with FAA certification and first delivery of the A700 in the first quarter of 2005 [E-I-C Note: Though the track record for this company and normal certification timelines doesn't suggest that an '05 Cert date is remotely realistic].

Burr and Crandall say they understand the importance of selecting the right equipment for their short-haul, private jet transportation business. "We have followed Adam Aircraft for a number of years, and we are convinced the A700 is the best aircraft for our mission," said Donald Burr CEO of the new air taxi service.

"The A700 is approximately half the price of current generation small jets and costs roughly a third less to operate per hour," stated Joe Walker, President of Adam Aircraft. Don Burr and Bob Crandall are the first to apply this major breakthrough in efficiencies to a new form of private jet air transportation service. Says Burr: "Our business model is dependent on innovative designers and manufacturers like Adam making the promise of next-generation, highly efficient personal jets a reality, and we are well on our way to delivering on this promise with a fleet of A700s."

The non-conforming A700 AdamJet made its inaugural flight in July 2003 and claims to be the only flying aircraft in the next-generation jet category, though the Eclipse 500 made quite a few flights in a non-conforming prototype nearly a year before. The A700 has accumulated over 150 hours of flight time and made numerous trips throughout the United States. 



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