...And Adam Delivers A500, Rolls Out Second A700

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Adam Aircraft this week announced its first customer delivery of an A500 centerline piston twin aircraft, serial number 005, which was delivered to a Colorado Springs business executive on Monday. The delivery comes on the heels of the company’s receiving FAA approval for its production inspection system, a precursor to a full-blown production certificate. Operating limitations on the aircraft -- like a 50-gallon unusable fuel requirement, maximum ceiling of 12,500 feet and a 250-hour airframe life limit -- remain in place. "Our first customer delivery and the APIS certification represent major steps toward our goal of delivering six A500s every month," said Rick Adam, chairman and CEO of Adam Aircraft. "Following Type Certification, the FAA allows six months to achieve APIS designation, and we achieved that goal in under 90 days." Adam added that the company remains on track to obtain a production certificate in the first quarter of 2006.

On the VLJ front, Adam announced the rollout of A700 AdamJet serial number 002, a conforming aircraft made from production tooling by the same manufacturing and engineering team that built the A500. The second A700 is scheduled for its first flight before the year ends. "We will take advantage of the parts, processes, people, and FAA approvals that are already in place for the A500. We will use 65% of the A500 parts, and, since the A700 will be built on the A500 production line, we will take advantage of the A500 manufacturing learning curve," said Joe Walker, president and COO of Adam Aircraft. The company reported that it has 282 A700 orders and 80 A500 orders for a total backlog of $731 million.