01/31/2009. The prototype, N700JJ c/n 0001, was flown for the first time on July 27, 2003, the first pre-series aircraft, N700LJ c/n 0002, flew on February 2, 2006, followed in 2007 by two more aircraft, the pictured one and N700AJ c/n 0004. By early 2008 over 450 aircraft were ordered, however, Adam Aircraft filed for bankruptcy on February 15, 2008. Two months later, April 9, the assets were sold to AAI Acquisition, Inc.