With what seemed like a good idea ATG has decided to shutdown its very light jet program.  The Javelin jet which would double as a business jet and a military trainer generated interest at first but after 12 months a lack of funding has grounded the program. 

The following press release was issued by ATG yesterday.

“ATG, with the help from a Wall Street banking institution, has been seeking funding to continue its Javelin high performance business jet and military trainer for the past 12 months. Due to circumstances beyond ATG's control, it is unlikely that adequate funding can be secured in a timely manner.  ATG has therefore decided to halt development of the Javelin at this time.  Further action will be decided upon after proper communication with our strategic business partner. “