Press Release

Issued by .

December 16, 2010

Extra Aircraft announces the appointment of Extra Aviation Australasia as the exclusive distributor of the Extra 500 Spirit for the Asia Pacific Rim. Based at Brisbane's Archerfield Airport in Queensland, Extra Aviation Australasia will introduce the first certified, carbon fiber turboprop to the Australian market and support the aircraft with a service center network in each major capital city of Australia.

The Extra 500 Spirit powered by a Rolls Royce turboprop is a six-seat pressurized aircraft designed for business travel. Decades of manufacturing world champion aerobatic aircraft coupled with carbon fiber aerodynamic design positions the Extra 500 Spirit as the ideal corporate travel solution.

"The use of carbon fiber has resulted in a lighter airframe and larger cabin for the Extra 500 Spirit than its competitors. The size and weight advantage facilitates use of the reliable 450 horsepower Rolls Royce engine," said Ken Keith, owner and CEO of Extra Aircraft.

"The combination of airframe design and efficient power plant has produced the most well-balanced turboprop to date."

Moishe Gordon of Extra Aviation Australasia adds, "The 1,600 nautical mile range of the Extra 500 Spirit allows the necessary cross country travel in Australia. With a fuel burn of 75 liters per hour, trips such as Melbourne to Perth or Brisbane to Darwin are possible and affordable."

The Extra 500 Spirit is the first certified aircraft to feature Avidyne's state of the art Entegra II R9 avionics system with a powerful Flight Management.

System. The system includes worldwide satellite weather, active traffic display, infrared forward vision, lightening detection and charts. Demonstrator aircraft will arrive in Australia during the second quarter of 2011.