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| | In The Works 2004 (Site not responding. Last check: 2007-11-07) |
 | | Like the mythical phoenix, the AASI Jetcruzer 450/500 may arise from its ashes to fly again, this time as a single-turbofan, experimental airplane rather than a certified single-turboprop pusher. |
 | | Then, without fanfare, it indefinitely suspended development of the Jetcruzer 500, a slightly longer and pressurized derivative of the unpressurized Jetcruzer 450 that was FAA certified in June 1994 but never entered service. |
 | | Meanwhile, MASG (the former AASI) in late May sold all its Mooney Airplane Co. stock to Allen Holding Finance, a Switzerland-based private investment company, after MASGs secured debenture holders declared their notes in default. Soon after, on June 10, MASG filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court of Delaware. |
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