Adam Aircraft Crashes

Adam Aircraft, an Englewood, Colo.-based maker of twin-piston and jet airplanes out of carbon composite materials, has filed for Chapter 7 bankruptcy protection. The company is liquidating its assets to pay off creditors, including Morgan Stanley, which last year placed a $105 million senior secured credit facility for Adam.


It had previously raised $182 million in venture capital funding, from Goldman Sachs, DCM, Mesirow Financial, W Capital Partners, D.E.Shaw Laminar Portfolios, Acadia Woods Partners and Hunt Growth Capital.