What is "avtek"

__NOTOC__ Avtek was a U.S. aircraft manufacturer established at Camarillo, California in 1982 by Robert Honeycutt and Quinten Ward with the intention of producing a business aircraft of composite construction, the Avtek 400. Foreign investment was obtained from firms in Denmark, Finland, Germany, and Japan.

In 1991, a European subsidiary, EuroAvtek was formed, jointly owned by Avtek, Per Udsen, and the government of Denmark, to oversee sales and marketing on the continent. However, Avtek itself filed for bankruptcy in 1998 without having achieved type certification for the prototype. Its assets were purchased by Ward personally, who then formed the AvtekAir corporation to continue development.