Adam Aircraft Gets A500 Production Approval
Last week's award of an FAA production certification to Adam Aircraft for its A500 piston twin -- along with a recently announced infusion of cash -- will give the young company enough breathing room to move forward on delivering the new aircraft to customers while it accelerates development of its A700 AdamJet. The FAA gave the company formal approval to manufacture and deliver the A500, enabling it to accelerate its production. "An FAA production certificate represents a major step toward the Adam Aircraft goal of delivering six A500 aircraft every month," said Rick Adam, founder and CEO.
"Issuing a production certificate means the FAA accepts the Adam Aircraft Quality System as one that will reliably produce A500 aircraft that conform to the approved type design." Last month Adam told AVweb it expects full certification of the A500 push-me/pull-you piston twin any day now. The aircraft received initial type certification in May 2005, but that paperwork came with several constraints limiting the A500's utility. In addition to the recent $93 million influx from DCM, a venture capital firm, the company's largest outside investor is Goldman Sachs. The company is headquartered at the Centennial Airport in Englewood, Colo.