SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report (date of earliest event reported): December 27, 2002 Aviation General, Incorporated (Exact name of Registrant as specified in its charter) Delaware 0-24795 73-1547645 (State of (Commission File No.) (IRS Employer Incorporation) Identification No.) 7200 NW 63rd Street Hanger 8, Wiley Post Airport Bethany, Oklahoma 73008 (Address of principal executive offices, including zip code) (405) 440-2255 (Registrant's telephone number, including area code) - 2 - Item 5. Other Events Commander Aircraft Company, a wholly owned subsidiary of Aviation General, Incorporated, filed for Chapter 11 bankruptcy protection on December 27, 2002. This will allow Commander Aircraft Company to operate under court protection while it reorganizes and restructures its finances and business. For additional information, please refer to the press release filed as an exhibit to this report. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit Description 99.01 Press release of the Company dated December 27, 2002. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Aviation General, Incorporated By: /s/ WIRT D. WALKER III ------------------------------- Wirt D. Walker III Chairman Date: January 10, 2003