It looks like it's curtains for Ogden Airport aircraft manufacturing tenant Adam Aircraft, according to this morning's Standard-Examiner story. Adam Aircraft, which has been under severe financial pressure for the past several months, now announces it has shut its doors, Business Page Ace Reporter Scott Schwebke reports:
OGDEN — Adam Aircraft Industries suspended operations Monday at its headquarters in Colorado, putting about 500 remaining employees out of work indefinitely.
The measure stemmed from Adam’s inability to come to terms with a lender for funding to maintain business operations, the company said in a prepared statement.Although the most recent company press statement falls short of announcing the full liquidation threatened earlier in the month, press spokeswoman Shelly Simi also hints at followup announcements later in the week. The company is still evidently holding off the inevitable, hoping and praying for the appearance of an investor "white knight."
Upon hearing the latest news on Adam's plight, Ace Reporter Schwebke apparently speed-dialed his buddy Dave Harmer, for the latest visionary wisdom on Adam Aircraft's apparent demise:
Dave Harmer, the city’s community and economic development director, said he remains hopeful that Adam will find new funding partners to allow production of the A500 and A700 to resume.Hope springs eternal in Emerald City, aka Prozac City.
“I’m still hopeful they will continue and that the aircraft plan is a good plan and will survive,” he said.
We're going to go out on a limb however, and predict that its "all over but the shouting" for erstwhile Ogden airport tenant Adam Aircraft.
What a shame. That model A500 in the photo at the header of today's Std-Ex story appears to be one sweet bird*.
Comments, anyone?
*airplane jargon
