ATG Javelin May Be Resurrected

Business Jet Traveler » April 2008
Tuesday, April 1, 2008 - 5:00am

Since suspending development of the two-seat Javelin very light jet program in late December, the board of directors at Aviation Technology Group of Englewood, Colo., has continued to negotiate with Israel Aerospace Industries (its strategic partner) and financial institutions. According to ATG, the board's efforts are now "focused on negotiations with interested parties pursuing a possible sale or a majority buyout of ATG." The company said several teams are seeking potential buyers, requesting their "best and final offer bids."

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“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”

-David Wyndham