There appears to be little optimism among aviation industry leaders that Adam Aircraft will be resurrected. Sources speaking on condition of anonymity have told AVweb that the prevailing opinion is that the company will fold. Adam officials are expected to reach a decision on the future by the end of this week after suspending operations on Monday. Hours after being sent home, employees gathered JD's Bait Shop Sports Grill were relatively upbeat. According to the Denver Post, rather than crying in their beers, the 20 or so Adam employees there expressed hope that someone with money will see the company they way they do. "We're all here tonight because we love this company," quality control worker Ray Romero told the Post. "We want to be there, but there's no money. We're a privately funded company. We have a beautiful product." About 500 remaining workers got the word after lunch on Monday that Adam had failed to raise the $100 million it needs to get the A700 jet certified and in production and to ramp up production of the already-certified A500 piston twin. Adam spokeswoman Shelly Simi also held out hope that funding could be found. "It's a very dynamic situation. We are looking at alternatives," she told AVwebBiz in a phone interview. A final decision on the fate of the company is expected within a week.
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