Hopes To Attract Contract Work To Stay Afloat
With the production line for its own aircraft idled by the
global economic crisis, AAI Acquisition Inc. announced Monday it
will provide engineering and manufacturing services to companies
and organizations seeking composite design and technology
Tom Bisges, chief operating officer of AAIA, said the company
has begun marketing its services to companies in the aerospace
industry, as well as firms in the custom automotive sector, green
energy developers and others that can benefit from the application
of cutting edge, proven composite design and construction.
"Over the past decade this company has developed unique
capabilities in its work designing and building new aircraft,"
Bisges said. "Now we are expanding our business portfolio to
include engineering design, test and certification services as well
as composite product manufacturing and traditional machining."
As ANN reported, AAIA -- which purchased the
assets of the former Adam Aircraft out of bankruptcy earlier this
year -- shut its doors last month, and laid off most of its
workforce. The Russian-backed company also announced it had
suspended nearly all certification and development work on the A700
twinjet, which at one time was considered one of the more promising
entries into the now-slumping VLJ market.
The company stressed at that time it would retain a number of
senior engineers, however... and it's now evident why. "With the
current economic situation," Bisges continued, "we have decided to
suspend our aircraft flight test and manufacturing activity until
conditions become more favorable. As a result, we are now in a
position to market our composite capabilities to clients needing
In particular, Bisges said AAIA has developed a low cost, "out
of autoclave" composite manufacturing technology that has been
approved by the Federal Aviation Administration.
The hope, said Bisges, is that AAIA can take in enough outside
contract work to weather the current slump, so that
full development of the A700 may resume once the economy