Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"A successful completion of this financing transaction will enable AAI to continue to operate until a second, larger equity financing of at least $100 million led by Citibank can take place on or before May 31."

Source: From a letter to shareholders in Adam Aircraft, dated January 15, detailing the financial woes now facing the planemaker. The company's future apparently hinges on completion of two successful financing transactions -- the first of which calls for Adam to raise $30.5 million by the end of this month. The company reportedly secured $5.5 million of that in late December.

FMI: www.adamaircraft.com