Utilicraft Aerospace Industries
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Utilicraft Aerospace Industries is an aircraft company created in December 2004 by the reorganization of American Utilicraft Corporation. Now based in Albuquerque, New Mexico, their sole product is the model FF-1080-300ER, a short-haul cargo (freight feeder) aircraft for shipping and courier services. The product of a startup company, this plane's minimalist engineering reflects a desire to minimize time to market, forgoing cabin pressurization and a retractable landing gear yet lifting a 10-ton cargo pallet.
Production is scheduled to begin at about 24 planes per year beginning in late 2007. Until FAA certification of their first model, which will take some years, they will rely on the international market. Operators with orders standing for 2007 include Afra Airlines. Other customers include Benin Airlines and Mid America Aero.
Utilicraft generated initial capital with an IPO, so their survival will depend on the stock market and their investor relations.
