Press Release

Issued by Green Charter 2022.

September 24, 2007

Adam Aircraft continues to see a strong future with a healthy backlog and plans to produce over 1,000 aircraft in next decade. During the 60th Annual National Business Aviation Association (NBAA) Meeting and Convention at the Georgia World Congress Center in Atlanta, Georgia, Adam Aircraft Chairman and CEO John Wolf and President Duncan Koerbel recapped the latest progress and detailed the initiatives in place to make the innovative all composite aircraft company a world leader in production and customer support.

"Adam Aircraft continues to be a lean organization that manufactures innovative airplanes at a price point and value that we believe is the best in our industry," said Koerbel. "Full FAA certification for the A500 for operations up to 25,000 feet has been achieved along with approval of our traffic avoidance and ground proximity warning systems. Our twin-engine center line design uses turbo chargers to take full advantage of the airplane's ability to cruise well above 18,000 feet in pressurized comfort at speeds up to 250 mph. The A500 is the most modern, twin-engine cabin class piston aircraft in production. It is also a great step up aircraft for pilots as they transition into our A700 VLJ."

"Under the company's new Make Production Fly (MPF) program, the A500 design is maturing with a focus on highly efficient, high quality production line with short span times. This is a conscious decision to move from a world class development company to a world class production company," said Wolf. "We are on target to increase production of the A500 to a rate of three per month and to transition the A700 into full rate production following type certification."

Addressing the A700 program progress, Wolf stated, "We will certify a clean full up aircraft with no provisions. We will also use our gained knowledge and experience from the A500 MPF processes and apply it to the similarities of the A700."

The Adam family of aircraft consists of 240 structural parts versus over 5,000 for traditional aluminum aircraft. The company has invested in a production process that takes less time to manufacture each aircraft, resulting in less inventory, less factory space, and less tooling. "With the company's strong starting position in a strong market there is a natural progression towards product line extensions," explained Wolf. "Looking into the future we will continue to build on our family of aircraft."

In order to provide superior support for Adam Aircraft customers, the company is also developing a targeted customer support network strategy that will set the standard for the VLJ marketplace. "We have engaged our customers in the process and we are responding to their needs. By working with the best service oriented companies, we will develop a network of support that compliments our innovative products," said Koerbel.