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February 11, 2008

Adam Aircraft Suspends Operations

By Russ Niles, Editor-in-Chief

Adam Aircraft has suspended operations at its Colorado facilities. In a short news release, the company said the action was taken "due to the inability of the company to come to terms with their lender for funding necessary to maintain business operations." The news release doesn't identify the lender, but previous rounds of financing, totalling almost $300 million, have included such major investment houses as Goldman, Sachs and Co. and Hunt Growth Capital as participants.

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