Press Release

Issued by NZAero.

July 25, 2012

Pacific Aerospace Limited (PAL) is pleased to announce the appointment of Xi'an Yanliang National Aviation Hi-tech Industrial Base (CAIB) as its partner and exclusive sales representative for its P-750 XSTOL aircraft in China.

"We have carefully reviewed our partnership options in China over the last few months and we are delighted to have partnered with CAIB, who shares the same values, ambition and goals as us" said Mr Damian Camp, CEO of PAL.

The 10-seat P-750 XSTOL is the world's best short take-off and landing single engine aircraft. It is operated in the most demanding conditions in places like Nepal, Indonesia, Papua New Guinea and Africa where reliability, low cost of operation and superior payload are critical. Taking just 720 feet (220m) to take off carrying a useful load of 4,200lbs (1,905kgs), which is more than its empty weight of 3,300lbs (1,497kgs) the P-750 XSTOL is truly in a class of its own.

"The P-750 XSTOL satisfied all of our requirements for a commercially focused general aviation aircraft" said Mr Jin Qiansheng, Chairman of CAIB. "With its safety record, exceptional performance and multi-functional roles the P-750 XSTOL is ideal for the burgeoning GA market in China."

As part of its agreement with PAL, CAIB has ordered five P-750 XSTOLs.

The P-750 is used around the world for freight, passenger, aerial survey and surveillance, medi-vac, agriculture and skydiving operations. It is certified in 16 countries, including with FAA and EASA to FAR Part 23, and has recently been approved for Commercial Transport operations against ICAO Annex 6. The P-750's recently released long range wing gives it an impressive 1,179nm (2,183km) range, ideal for China.

Pacific Aerospace will be present at AirVenture 2012, as part of the New Zealand Pavilion located at site 406 in the main aircraft display area and will have a P-750 XSTOL on static display.