The municipal government of the City of Pueblo, Colorado has demanded that US dollar$2M in financial incentives paid to Adam Aircraft must be returned.

Adam Aircraft, based in Englewood, Colo., is awaiting federal certification for its A700, a six-passenger light jet (or five with a bathroom) that costs $2.25 million.

"The next day, you have your meeting, but chances are you won't be able to get back that day," said Rick Adam, the chief executive of Adam Aircraft.

Adam Aircraft already sells a plane called the A500, which has two piston-driven engines, and will soon market the A-700, with a very similar body, also with two engines.

Industrial Investments, the Russian company that purchased Adam Aircraft, restarted work on the A700 and in May 2008 had 60 employees back at work.

Adam Aircraft ceased operations on 11 February 2008, and filed for Chapter 7 bankruptcy on 19 February 2008, having delivered seven A500s.

In April 2008 Adam Aircraft was purchased from bankruptcy by AAI Acquisition Inc.

In July 2009, real estate developer Thomas Hsueh purchased the remaining tooling, parts, and intellectual property of Adam Aircraft from the Russian investors.

Competitors producing very light jets, which are sometimes called microjets, include Adam Aircraft, Honda, Embraer and Piper.