SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): ~~November~~January 1915, ~~2004~~2005

AVIATION GENERAL, INCORPORATED

(Exact Name of Registrant as Specified in Charter)

DELAWARE	0-24795	73-1547645
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

7200 NW 63rd Street, Hanger 8, Wiley Post Airport, Bethany, Oklahoma 73008

(Address and Zip Code of Principal Executive Offices)

(405) 440-2255

(Registrant's Telephone Number, including Area Code)

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the

following provisions:

ÿ Written communications pursuant to Rule 425 under the Securities Act

ÿ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

ÿ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

ÿ Pre-commencement communications pursuant to Rule 13e-4( c) under the Exchange Act

TABLE OF CONTENTS

ITEM 5.01. Other Events

SIGNATURES


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Item 5.01. Other Events

Aviation General, Incorporated ("Aviation General";: AVGE.PK) ~~has~~announced ~~declared~~that ~~Pilot~~the ~~General~~Chapter ~~Aviation~~11 ~~LLC~~bankruptcy ~~("PGA")~~filing ~~in default~~ of ~~the~~its ~~Stock~~sole ~~Purchase~~wholly ~~Agreement~~owned itsubsidiary, ~~entered~~Commander ~~into~~Aircraft ~~with~~Company ~~Aviation~~(www.commanderair.com), ~~General~~has ~~because~~been ~~PGA~~converted ~~was~~to ~~financially~~a ~~unable~~Chapter to7 ~~consummate~~filing by the ~~Agreement~~U.S. ~~and~~Bankruptcy isCourt in ~~breach~~Delaware ofon ~~its~~Friday, ~~provisions. The~~January ~~Company~~14, ~~has commenced discussions with other investors~~2005. ~~The~~ ~~Company's~~All ~~wholly~~business ~~owned~~operations ~~subsidiary,~~of ~~Commander~~the ~~Aircraft~~company ~~Company,~~have ~~which~~ceased isindefinitely. inThe ~~Chapter~~Court ~~11,~~ has ~~filed~~appointed a ~~request~~Trustee ~~for~~to anpreside ~~extension~~over of the ~~Effective~~preservation, ~~Date~~disposition, ofand ~~its~~sale ~~court~~of ~~confirmed~~the ~~Reorganization~~company’s ~~Plan until March 31, 2005~~assets.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AVIATION GENERAL, INCORPORATED
Date: December 16, 2004	By:	/s/ Wirt D. Walker, III
Date: February 1, 2005	By:	/s/ Wirt D. Walker, III
		Wirt D. Walker, III
		Chairman of the Board of Directors, Chief Executive Officer and Authorized Signatory


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