<p>Matt Thurber, editor-in-chief at AIN Media Group, has been flying since 1975 and writing about aviation since 1978 and now has the best job in the world, running editorial operations for Aviation International News, Business Jet Traveler, and FutureFlight.aero. In addition to working as an A&amp;P mechanic on everything from Piper Cubs to turboprops, Matt taught flying at his father’s flight school in Plymouth, Mass., in the early 1980s, flew for an aircraft owner/pilot, and for two summer seasons hunted swordfish near the George’s Banks off the East Coast from a Piper Super Cub. An ATP certificated fixed-wing pilot and CFII and commercial helicopter pilot, Matt is type-rated in the Citation 500 and Gulfstream V/550. Based in the Pacific Northwest, Matt and his team cover the entire aviation scene including business aircraft, helicopters, avionics, safety, manufacturing, charter, fractionals, technology, air transport, advanced air mobility, defense, and other subjects of interest to AIN, BJT, and FutureFlight readers.</p>


Editor-in-Chief

Matt Thurber

<p>AAI Acquisition will close on the purchase of bankrupt Adam Aircraft Industries on April 15, having made the only bid for the assets of the composite aircraft developer. AAI Acquisition was formed by Russian company Industrial Investors, a private equity asset management company based in Moscow and London, along with a group of former Adam Aircraft employees. Industrial Investors owns two aviation projects: Velvet Skylines, a charter broker; and Russian air-taxi company Dexter. AAI is paying $10 million for the Adam Aircraft assets, which include prototype and unfinished A500 piston twins and A700 VLJs, manufacturing equipment, tools, parts inventory, the A500 FAA type certificate, patents, trademarks and various documents. AAI is also assuming some costs associated with contracts that are part of the purchase agreement. “We plan to revive Adam Aircraft’s operations,” said Dmitry Shokhin, vice president of AAI Acquisition, “including continuing the process of certification for the A700 jet.” Asked why Cirrus Design did not bid on Adam Aircraft, chairman and CEO Alan Klapmeier said, “Because Cirrus needs to focus its financial resources on its jet program.” </p>


Sole Bidder AAI Wins Adam Aircraft Assets

AAI Acquisition will close on the purchase of bankrupt Adam Aircraft Industries on April 15, having made the only bid for the assets of the composite aircr

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