Press Release

Issued by Dornier Seawings.

May 14, 2012

Dornier Seaplane Company recently landed their Seastar CD2 seaplane in Germany after a successful US and Canadian demo tour. The tour encompassed over 220 flight hours, 184 landings on land, and 154 water landings. The CD2 is currently undergoing a C-check at RUAG at Oberpfaffenhofen Airfield in Germany, before embarking on the second half of a demonstration tour that will include Europe, India and other destinations in Asia.

The milestone comes as the company finalizes production details of the FAA and EASA-certified, all composite, amphibious aircraft. Production location negotiations have been re-energized with several new options being explored as a result of the renewed interest. The company is currently reviewing several proposals for production in countries such as Canada, China and India.

"I am extremely pleased with the renewed interest we have recently received with regard to the possible production location for the Seastar. We are in the process of examining all aspects of these potential partnerships, while we ready the demonstrator aircraft for the next leg of its tour," said Conrado Dornier, Chairman of Dornier Seaplane Company. A firm commitment and final announcement is expected to be made in 3rd Quarter 2012.

"The Seastar CD2 represents a significant investment in R&D, engineering and FAA/EASA certification to this point and will build on the 100-plus year aviation legacy of the Dornier family. "It is imperative for us to make the right decision on where the aircraft will be produced,"

added Dornier.