Press Release

Issued by Green Charter 2022.

May 21, 2007

Grob Aerospace returns to EBACE, Europe's premier business aviation show this year, buoyed by a swelling order book for its spn light business jet. For despite the adversity the program suffered at the end of the year 2006, with the loss of the second prototype, enthusiasm for Europe's newest and unique all-composite aircraft continues to grow. Not one customer has reneged on its commitment to Germany's only business aircraft manufacturer. Grob has now more than two years' equivalent production in order terms under its belt. This represents a total of over 60 orders with significant non refundable deposits.

"Over the past 12 months we have secured a large number of orders from customers in Europe, the USA, the Middle East and Africa," said Grob Aerospace CEO Niall Olver, speaking as the manufacturer prepares to make a strong showing at EBACE, during 22-24 May in Geneva, Switzerland. "Customers for the spn to date are mainly private individuals, pilot owners and corporates," Olver acknowledged. Furthermore, the spn light jet is gaining a lot of interest from customers who currently fly business turboprops. This is because it combines the best of both worlds - offering the versatility of a turboprop and the ability to perform short take offs and landings on unpaved runways, with the comfort, speed, and range of a business jet.

"Our sales people are increasingly talking with, and attracting interest from brokers and aircraft charter companies who see in this unique aircraft concept a real breakthrough and a chance to move one step ahead of their competition," said Olver. Just last month Grob Aerospace displayed the spn at AERO Friedrichshafen in Germany, marking its first public appearance since last November. The spn was the highlight of the daily flying display and it drew much interest among customers. Several new orders were signed from undisclosed European private buyers, culminating in a very successful show.