February 11, 2008  
Adam Aircraft Suspends Operations
 
January 17, 2008  
Adam Aircraft Announces Strategic Adjustment To Streamline Processes to Achieve Goals
 
January 9, 2008  
Adam Aircraft 2007 Year End Review
 
January 9, 2008  
Adam Aircraft A700 Completes Company Environmental Testing
 
December 6, 2007  
Adam Aircraft A700 Certification Program Achieves Major Milestone in Receiving First TIA from FAA
 
September 25, 2007  
Adam Aircraft Unveils New Interior
 
September 24, 2007  
Adam Aircraft - Innovative All Composite Aircraft Defines Innovation with New Production Process and Customer Support Network
 
September 24, 2007  
Adam Aircraft Announces First Flight of A700 Serial Number 004 Second Conforming Aircraft Added to Certification Program
 
September 24, 2007  
Adam Aircraft Defines Innovation with SAFERjett Pilot Training Programs and Simulation
 
August 6, 2007  
Adam Aircraft Names John Wolf Chairman and CEO
 
July 31, 2007  
Adam Aircraft Adds To Executive Team
 
June 19, 2007  
Adam Aircraft Completes Financing Round
Funding Targeted for A700 VLJ Certification and Acceleration of A500 Customer Deliveries
 
June 6, 2007  
Chinese Enterprise Orders 50 Adam Aircraft A700s
 
May 23, 2007  
Adam A700 FAA Certification Program Gaining Momentum
 
February 12, 2007  
Adam Aircraft Continues Growth with Hiring of Aviation Executive Duncan B. Koerbel
 
February 12, 2007  
Industry Veteran John Wolf joins Adam Aircraft Board of Directors as Lead Director and Board Liaison
 
December 5, 2006  
Adam Aircraft Secures Experienced Executives to Accelerate Engineering Programs
 
October 16, 2006  
A700 Adam Jet Chosen by Magnum Jet
 
September 29, 2006  
Adam Aircraft Extends Flight Capabilities of the Innovative A500 Centerline Twin with Night/IFR and Pressurized Flight Certification
 
September 19, 2006  
Adam Aircraft Receives FAA Production Certificate
 
August 22, 2006  
Adam Aircraft Raises $93 million - Leading Maker of High-Tech Composite Aircraft Aims to Accelerate Growth Plans
 
July 5, 2006  
Adam Aircraft Announces A500 Aircraft Featured in 'Miami Vice,' the Movie
 
June 29, 2006  
Adam Aircraft Announces Chris Naro as Chief Financial Officer
 
May 30, 2006  
JSSI® and Adam Aircraft Announce Exclusive A500 and A700 Tip-to-Tail® Coverage
 
April 26, 2006  
Adam Aircraft A700 AdamJet Achieves Flight of 41,000 feet at 340 Knots - A700 Very Light Jet Program Continues to Accelerate
 
April 17, 2006  
Adam Aircraft Announces Rob Penrod as Vice President, Manufacturing - Experienced Composites Manager to Lead Transition to Full-Rate Production on A500 and A700
 
March 10, 2006  
Adam Aircraft Announces Craig Johnson as Chief Operating Officer
 
February 23, 2006  
ST Engineering and Adam Aircraft Sign Strategic Partnership for Very Light Jet and Piston Aircraft
 
February 8, 2006  
Adam Aircraft: 2005 Milestones, Benchmarks, Achievements
   
February 4, 2006  
Adam Aircraft Announces First Flight of A700 AdamJet Production Aircraft
   
November 8, 2005  
Adam Aircraft Announces First Customer Delivery of A500 Twin-Engine Piston Aircraft
   
November 8, 2005
Adam Aircraft Announces Rollout of A700 AdamJet Serial Number 002
   
October 24, 2005
Adam Aircraft Selects Shelly Simi as Public Affairs/Media Relations Representative
   
August 16, 2005
Adam Aircraft Announces Industry Veteran as Vice President, Flight Operations - Experienced Leader Maps Out Flight Test Programs for A700 AdamJet
   
May 11, 2005
Adam Aircraft Receives Type Certification For The A500 Centerline Twin
   

 


Adam Aircraft Suspends Operations

Englewood, Colorado, February 11, 2008 — In a difficult but necessary move, Adam Aircraft Industries suspended operations today at its facilities in Colorado. This measure was required due to the inability of the company to come to terms with their lender for funding necessary to maintain business operations. The company is currently exploring all of its alternatives and will provide further guidance when decisions are made, which is expected to be later this week.

# # #

Media Contact:

Shelly Simi
303 406.5997: Office
202 550.0148: Cell

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Adam Adam Aircraft Announces Strategic Adjustment To Streamline Processes to Achieve Goals

Englewood, Colorado, January 17, 2008 — Adam Aircraft has been strengthening its operations throughout this past year with significant progress towards obtaining A700 Type Certification and improving production processes through its Make Production Fly (MPF) program. As a result of the company's ongoing evaluation of the processes and resources needed to achieve its vision and milestones, Adam Aircraft is making a revision to the company's overall production plan.

"Adam Aircraft Industries is announcing today a strategic adjustment in operations designed to focus on two key objectives: obtain a TC on our A700 jet design and complete our "MPF" initiative," said Adam Aircraft President Duncan Koerbel. "To provide for our future growth, we must be strategic in our focus by managing current cash expenditures to ensure adequate time to secure financing for the long term. We're off to a good start in this effort with assistance from our partner, Citibank, but we need to be able to provide them with sufficient time working with potential investors to secure long term financing."

The necessary strategic adjustment for Adam Aircraft will reduce resources to match the revised production and spending plan resulting in the following actions:

  • Operations at Ogden will be suspended through early summer and we are rescheduling the completion of the composite lay-up portion of the Ogden facility.

  • Transfer of the lay-up and bonding operations for the empennage from Pueblo to Englewood. Machine shop operations will continue in Pueblo, but all other activity will be suspended.

  • Reductions in expenses and labor commensurate with the revised production plan.

"We regret that these actions will result in a layoff for many of our employees, but it is in the best interest for the long term success of Adam Aircraft Industries. We have two excellent products in the A500 and A700 with a very strong global market and will continue to move the company forward in achieving our goals."

With its long term company objectives unchanged, Adam Aircraft will ensure that the required engineering, manufacturing, planning, supply chain, tooling and other development resources are available to achieve TC of the A700 in 2008. Furthermore, the MPF effort will also be staffed and supported to make sure our goals are met to start full rate production of the A500 in the summer and to be ready to jump start A700 production once it is certified.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700, which is currently undergoing flight test and development. For more information about the company, visit www.adamaircraft.com.

# # #

Media Contact:

Shelly Simi
Adam Aircraft
303 406.5997: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft 2007 Year End Review

Adam A500 and A700 in flight
Adam A500 and A700 in flight
 
 

Englewood, Colorado, January 9, 2008 — Reflecting on the past year, Adam Aircraft achieved numerous successes in 2007. The company's primary focus continues to be completing FAA Type Certification for the A700 very light jet (VLJ) and implementing the world-class production processes for the A500 centerline piston twin and the A700.

Significant milestones were accomplished in the A700 certification program with the achievement of the FAA Type Inspection Authorization (TIA) and the addition of three new flight test articles into the flight test program. The A700 certification program continues to be on track for completion in 2008.

Adam Aircraft also implemented the new Make Production Fly (MPF) program. In order to achieve a high rate production, the company made the decision to slow production of the A500 in order to stream-line the process. "Building the best airplane possible for our customers is paramount and we are making sure we have the right processes in place in order to build a complete product that exceeds expectations. The new MPF allows us to accomplish this objective," said Adam Aircraft President Duncan Koerbel.

"First and foremost I'd like to say thank you to the dedicated employees who have helped make this year one of our most successful to date," said Koerbel. "While we have not been without our challenges due to our growth, we have handled the long hours, false starts, and in-process adjustments like true professionals and should be proud of what we have accomplished."

Accomplishments achieved by Adam Aircraft in 2007 include:

  • A700 S/N 3, the first fully conforming prototype, flew for the first time on April 9
  • A700 S/N 4 followed with a first flight on August 24
  • A500 25,000 ft certification was received on September 17
  • A500 certified Traffic Avoidance System and Enhanced Ground Proximity Warning System was certified in September
  • The newly implemented MPF program experienced success through the development of several new large tools to build wing and fuselage structures with greater repeatability
  • A500 S/N 15 is experiencing a 50 percent reduction in man hours as a result of the new MPF process
  • FAA Type Inspection Authorization (TIA) to begin FAA flight testing on the A700 for certification credit was issued November 30
  • FLYING Magazine issued a very favorable report on the A500 in December
  • Expansion into the new Ogden, Utah facilities was completed
  • Successful completion of company environmental tests on the A700 at Eglin AFB

As Adam Aircraft continues to move forward with its vision, 2008 will be a pivotal year in obtaining the company goals of successfully ramping up and bringing the A500 to market and achieving certification of the A700.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Media Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft A700 Completes Company Environmental Testing


 


 

 

Englewood, Colorado, January 9, 2008 — In early December, Adam Aircraft completed a highly successful series of tests at the world renowned McKinley Climatic Laboratory at Eglin Air Force Base in Florida. "Overall, the Eglin effort met all testing goals and provided an abundance of data that will help ensure the highest level of performance by the A700 in a variety of adverse weather conditions," said Tom Bisges, Adam Aircraft Sr. Vice President Engineering and Program Management.

During the five day testing exercise, the Williams FJ-33 engines were exposed to freezing fog, freezing rain and blowing snow to evaluate the ground performance of the engine inlet anti-ice system under these extremely harsh environmental conditions. The anti-ice tests, conducted for FAA certification credit and critically evaluated, were completed satisfactorily and will form the initial part of the overall Powerplant Operating Characteristics and Airplane Anti-ice Protection certification effort which will be completed later this year.

The testing also involved exposing the aircraft and all of its systems to temperatures as low as 40F evaluating the effects of cold on the flight controls, avionics, ECS, engine starters and other critical systems. "The aircraft performed very well during these extreme tests, including successful battery starts of the engines at the 40 degree limit," said Bisges. "These low temperature tests were primarily for company development and the results will be used to formulate improvements to be certified as part of the Hot and Cold Weather certification testing which will also be completed later this year."

Completion of the testing, which involved Adam Aircraft personnel, Williams International and the FAA, is another positive step towards certification of the A700, the cost effective, high performance very light jet.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company or to download photos of the Eglin Environmental testing, visit www.adamaircraft.com.

# # #

Media Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft A700 Certification Program Achieves Major Milestone in Receiving First TIA from FAA

Adam A700
Adam A700
 
 

Englewood, Colorado, December 6, 2007 — The Adam Aircraft A700 program has accomplished a major milestone by receiving its first Type Inspection Authorization (TIA) from the Federal Aviation Administration (FAA). With this significant endorsement, the Adam Aircraft Flight Test Program is entering into a new phase where FAA representatives are authorized to begin flight testing on the A700 for FAA certification credit.

"This event confirms we are on target for achieving FAA certification of the A700 in 2008," said Adam Aircraft President Duncan Koerbel. "We have steadily moved from our first flight of the fully conforming A700 this spring into FAA testing by taking advantage of the commonality with the already certified A500 twin piston as well as over 900 hours of development flying with the first two A700 prototypes."

In order to secure Type Certification of the A700, Adam Aircraft will have four flight test aircraft dedicated to TIA tasks. The FAA TIA validates that Adam Aircraft has submitted all necessary information, including technical data, required to begin type certification and concurred that the system under test reached a point where it will meet all applicable FAA regulations. "We are meeting and exceeding our performance goals and will deliver what we believe to be the best value for price, performance and cabin size in the VLJ class," Koerbel said.

"Our first A700 TIA from the FAA is the formal starting point for FAA compliance certification flight testing of the aircraft. This event is a culmination of the efforts of the entire company and is a testament to the work accomplished to date," said John Wolf, Adam Aircraft Chairman and CEO. "We are grateful to the FAA team for their support throughout this process."

"Historically, new aircraft programs that have gone through the rigorous testing to receive a TIA have also successfully obtained a Type Certificate. TIA for the Adam Aircraft Flight Test Program will be the first of many that the company will receive for the A700 which will lead to the final goal of full Type Certification," said Wolf.

Adam Aircraft is currently testing the A700 Engine Handling Characteristics. Environmental testing will also begin next week at the world renowned McKinley Climatic Chamber at Eglin Air Force Base in Florida. Used by the military and civil aviation, aircraft tests are conducted at extreme temperatures and in severe weather conditions including hot weather, cold weather, freezing rain and blowing snow. Testing will involve Adam Aircraft personnel, Williams International and the FAA.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Media Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Unveils New Interior

New interior
New interior
 
 

Atlanta, Georgia, September 25, 2007 — Adam Aircraft today unveiled the new innovative A700 interior during the 60th Annual National Business Aviation Association (NBAA) Meeting & Convention in Atlanta, Georgia. The new design, created by Adam Aircraft and Infusion Design, was built by PCI NewCo, a DeCrane Aerospace company.

"This new state-of-the-art interior focuses on specific elements that our customers wanted and we have delivered," said Duncan Koerbel, president of Adam Aircraft. "We are proud to introduce such unique elements as the individual table design that has been integrated into the cabin styling concept from the onset. This Swivel Wing™ design provides each club seat occupant their own table for a comfortable independent work space. We have also developed an innovative aft partition for the private lav located under the extra wide limo-style seat. This fifth passenger seat will be belted and approved for takeoff and landing which further enhances the overall value of our VLJ."

Infusion Design, an industrial creative design firm and the Adam Aircraft engineers created the innovative new interior which includes numerous improvements for best-in-class performance and style: reclining leather seats that fold down for ease of passage and for storage, ergonomically sculpted seat cushions, generous in flight baggage storage, 110V outlets, and XM Radio.

"First class design and world class production have been combined to raise the standard for interior cabins in today's VLJ marketplace. We are proud to have been selected by Adam Aircraft to help them meet customer expectations and deliver a top-of-the-line cabin class interior," said Roger Wolfe, chief executive officer of DeCrane Aerospace.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com and click on Innovation.

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Media Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft - Innovative All Composite Aircraft Defines Innovation with New Production Process and Customer Support Network

A700 in flight
A700 in flight
 
 

Atlanta, Georgia, 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.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com and click on Innovation.

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Media Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Announces First Flight of A700 Serial Number 004 Second Conforming Aircraft Added to Certification Program

Atlanta, Georgia, September 24, 2007 — Adam Aircraft today announced the first flight of A700 Serial Number 004, the second conforming aircraft which will be used for Federal Aviation Administration (FAA) flight-testing. The very successful 1.3 hour first flight occurred Friday, August 24, 2007 out of Centennial Airport (KAPA), Englewood, Colorado. According to flight crew Pilot in Command Jim Jones and David Hayes, Second in Command, "The aircraft flew very well and demonstrated excellent controllability and handling."

"The A700 TC (Type Certificate) is one of our two most important objectives for the entire company," said Adam Aircraft Chairman and CEO John Wolf. "Jet 4's first flight and its entry into the flight test program is a major step toward that objective. It is a success that many, many members of our team contributed to with unselfish commitment. We should celebrate, and remind ourselves that this is the kind of accomplishment that not only builds our own confidence but also the confidence of our investors and customers that are counting on us. Our second objective, Make Production Fly, will help us ensure we are ready to produce the A700 in high volume once the aircraft is certified."

"This is an impressive achievement for the entire company. Jet 4 will join Jet 3 which first flew just over four months ago. Jet 4 will focus on power plant and systems work including flight into known icing. Our flight test program has already benefited from over 1,000 hours of flight testing of our first three test articles. Jet 3 has already demonstrated very predictable flying qualities and performance and we look forward to Jet 4 accelerating our flight test efforts. This is another significant milestone in the effort of certifying the A700," said Tom Bisges, Senior VP Engineering for Adam Aircraft.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com and click on Innovation.

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Media Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Defines Innovation with SAFERjett Pilot Training Programs and Simulation

(L to R) Adam Aircraft Chairman John Wolf, President Duncan Koerbel and SAFERjett CEO Paul Hinton and Hillwood Executive Matt Byrd
(L to R) Adam Aircraft Chairman John Wolf, President
Duncan Koerbel and SAFERjett CEO Paul Hinton
and Hillwood Executive Matt Byrd
 
 

Atlanta, Georgia, September 24, 2007 — Adam Aircraft announced today its partnership with SAFERjett, an aviation training and education company whose state-of-the-art training facility will be based at Fort Worth Alliance Airport beginning in late 2008. Adam Aircraft will rely on SAFERjett, LLC for all pilot and maintenance training for both the A500 and A700 aircraft.

"Adam Aircraft chose SAFERjett because it was founded by aviation professionals with operational experience in developing and implementing complex training programs and they are on the ground floor in creating a center of excellence when it comes to very light jet (VLJ) training," said Adam Aircraft President Duncan Koerbel. "SAFERjett is born and bred for the VLJ market and we're excited to bring their world-class training techniques for our innovative aircraft to our customers."

Initially created as a Crew Resource Management (CRM) company, SAFERjett made a company transformation in late 2004 to focus primarily on the VLJ market and has created strategic partnerships to supply a superior training experience to the Adam client:

  • New training facility and infrastructure elements provided by Hillwood Development, a Ross Perot company.
  • Aviator™ Advanced Aviation Training Device (AATD) and Virtual Flight Deck™ (VFD™) supplied by Aerosim Technologies specializing in the design and development of aviation training tools and equipment.
  • Flight Training Devices including a full motion Level D simulator developed by Mechtronix Systems Inc. designer and manufacturer of full flight simulators.
  • Computer Based Training learning programs created by Pelesys Learning Systems Inc. an E-Learning, multimedia design, and web application development and management company.

Both the A500 and A700 will utilize elements of the FAA/Industry Training Standards (FITS) program, a partnership between FAA, Industry, and Academia designed to enhance general aviation safety, including Learner Centered Grading, Single Pilot Resource Management for owner operators and Crew Resource Management for flight department and fleet operators and Scenario Based Training. SAFERjett is in the process of building the first A700 full motion Level D simulator with Aerosim and Mechtronix which will allow A700 pilots to receive their type rating without flying the actual aircraft. The company's new 50,000 square foot facility at Alliance Airport will be completed by late 2008.

"SAFERjett has extensive experience in Advanced Qualification Program training that uses proficiency based advancement and a scenario based training theory," said Paul Hinton, SAFERjett CEO. "These elements are critical in providing a realistic, effective training experience that will properly prepare the Adam Aircraft clients for operation in today's demanding aviation environment."

"This is a long term partnership that will mature and will be a part of the new breed of training. While we may compete on execution with other training companies, we will never compete on the content of the program and we look forward to making history," said Hinton.

SAFERjett provides training, products and consulting across a large section of skill sets to aviation professionals worldwide. SAFERjett has developed leading-edge training solutions for all phases of aviation including course curriculum development, syllabus construction and initial phases of training for the emerging very light jet (VLJ) market. To learn more about our training programs and services, visit www.saferjett.com or contact a SAFERjett representative at 720-895-1406.

SaferJett logo

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com and click on Innovation.

# # #

Media Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Names John Wolf Chairman and CEO

John Wolf
John Wolf
 
 

Englewood, Colorado, August 6, 2007— The Board of Directors of Adam Aircraft announced today that John D. Wolf has been named company Chairman and CEO effective immediately. Wolf, along with President Duncan Koerbel, joined Adam Aircraft in February to help achieve FAA Type Certification of the A700 as well as to establish world-class manufacturing capabilities for the company.

The hiring of Wolf with his 39 years of experience in aerospace at Fairchild Aerospace, Teledesic Corporation, and McDonnell Douglas Corporation combined with Koerbel's 24 years of experience in certification and manufacturing were part of the transition initiated by the Board earlier this year. This new leadership change helps move the company from a start up to what will become one of the country's premier developer and manufacturer of Part 23 aircraft.

The Adam Aircraft Board offered their highest praise to founder Rick Adam for creating an innovative company with superior products. "Rick's entrepreneurial spirit and vision was the driving force that put Adam Aircraft on the map. We are indebted to his efforts over the past nine years as he grew the company from one employee to over 700 employees currently working at Adam Aircraft. We wish him the best as he pursues his next entrepreneurial adventure."

Wolf began his career in various engineering and project management positions on missiles and space projects in McDonnell Douglas Astronautics Company in St. Louis, Missouri. He was named Vice President, General Manager of McDonnell Douglas Electronics Company and then Executive Vice President of McDonnell Aircraft Company. Wolf became Sr. Vice President of Douglas Aircraft Company in 1989 and was responsible for program management of various commercial aircraft and launch of the MD-95, now the Boeing 717. Wolf served as Fairchild Dornier Corporation's Chief Operating Officer in Oberpfaffenhofen, Germany and was responsible for the development, launch and manufacturing of various commercial aircraft from 30-100 passengers. He has a BSEE, MSEE and Doctor of Engineering (Honoris Causa) from the University of Missouri, Rolla.

"Adam Aircraft is moving consistently toward a complete A700 Type Certificate in 2008," said Wolf. "I look forward to working with the Board, our investors, executive team and our employees to continue to significantly improve the span time, cost and quality of the production process as well as strengthening our relationship with our suppliers. We have an ideal all-composite platform for product line expansion. The company is going to move to high rate production of the A500, be ready to accelerate deliveries of Adam's substantial backlog of A700's, and provide comprehensive customer support to our customers."

About Adam Aircraft

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Media Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Adds To Executive Team

Steve Crowley
Steve Crowley
 
 

Englewood, Colorado, July 31, 2007— Adam Aircraft announced that Steve Crowley will join the company as Vice President of Sales, Marketing, and Customer Support. Crowley brings more than 25 years of experience in the commercial aircraft industry to Adam Aircraft. During his career, he has held executive positions in Sales, Marketing, Finance, and Airplane Program Management with The Boeing Company and Bombardier Aerospace.

"Steve's years of experience in sales and building customer relationships and loyalty are very important to Adam Aircraft's development and growth," said Adam Aircraft President Duncan Koerbel. "We are pleased to have Steve on board not only to help expand our market penetration, but also to make sure the proper customer support network is in place to take care of our customers after aircraft are delivered."

Prior to joining Adam Aircraft, Crowley was a senior executive at Bombardier Aerospace where he held multiple positions including Vice President Asia/Pacific Sales for Bombardier Regional Aircraft and Vice President Sales and Marketing for the Bombardier C-Series Program. Before Bombardier, Crowley had a long and successful career at The Boeing Company. In his most recent assignment at Boeing, Crowley served as Business Director and Deputy to the Executive Vice President of Commercial Airplane Sales. In this capacity, he led BCA sales teams worldwide and developed global customer strategies.

Crowley earned his Bachelor of Arts in Business Administration and Finance at Pacific Lutheran University and his MBA at the University of Puget Sound.

"I am pleased to be part of a company whose innovative designs bring leading-edge technology to the marketplace" said Crowley. "The A500 and A700 provide our customers with the latest high-tech materials and design, as well as a compelling economic value, and both airplanes are a lot of fun to fly. This is an exciting family of airplanes and the Adam Aircraft team is world-class."

About Adam Aircraft

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Media Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Completes Financing Round
Funding Targeted for A700 VLJ Certification and Acceleration of A500 Customer Deliveries

A700 s/n 003 in Flight
A700 in Flight
 
 

Englewood, Colorado, June 19, 2007— Adam Aircraft, a leading designer and manufacturer of advanced carbon composite aircraft for the twin piston and very light jet (VLJ) markets, announced today that the firm recently finalized a $105 million round of financing including a senior secured credit facility with Morgan Stanley Senior Funding acting as lead arranger. The company plans to use the new capital to accelerate the production rate of the FAA-certified A500 piston twin and complete the certification of the A700 VLJ and bring that aircraft to full rate production.

"This financing allows Adam Aircraft to aggressively pursue our product development and production growth plans," said Founder and CEO Rick Adam. "Our order backlog, valued at nearly $800 million, gives our investors and customers added confidence that Adam Aircraft will continue to extend its leadership in this industry."

"We value highly our capabilities and technology that allowed us to attract both new and existing investors to this round of funding. Our innovation and creativity places us in a superior position to be a competitive airframe manufacturer now and into the foreseeable future," said Chris Naro, Adam Aircraft CFO.

About Adam Aircraft

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Chinese Enterprise Orders 50 Adam Aircraft A700s

A700 s/n 003 in Flight
A700 s/n 003 in Flight
 
 

Englewood, Colorado, June 6, 2007— Adam Aircraft announced that Hainan Zhong Hang Tai General Aviation Airlines, the Hainan, China based operating entity of Ameritech Aerospace has placed a firm order for 50 Adam Aircraft A700 VLJs on May 21, 2007. The order was formalized during the European Business Aviation Convention and Exhibition (EBACE) in Geneva, Switzerland.

Adam Aircraft was chosen because of its handling capabilities and innovative look. A leading designer and manufacturer of advanced carbon composite aircraft for the twin piston and very light jet (VLJ) markets, Adam Aircraft provides the largest cabin and greatest value for fleet customers.

"The business plan of the Chinese company has been developed with the goal of capitalizing on the fast growing general aviation market in China with fractional-share program and air taxi operation in mind," said Jason Fan, CEO, Hainan Zhong Hong Tai General Airlines LTD. "Due to the immediate charter and air taxi growth opportunities in China, we made the A700 our choice because it has the largest cabin space of all the VLJs. In addition, the aircraft combines prestige, luxury, and speed with its innovative twin tails that remind people of a Formula 1 racecar."

There is currently a serious shortage of professional pilots in China, and aircraft management is often faced with difficulties related to flight planning application, ground handling and maintenance for individual aircraft owners. "The A700 owner will be served by a professional pilot/aircraft manager who will be available for all flights and training during a renewable six month period. This new revolutionary program provides the owner with a stress-free aircraft ownership experience," stated Fan.

"We are delighted to partner with Ameritech to bring the A700 into the China aviation market," said Jan D'Angelo, Director International and Fleet Sales. "This order shows that the A700 is truly a worldwide product that will bring innovation to the operators who are offering cost efficient air travel."

Hainan Zhong Hong Tai General Airlines LTD plans to sell the A500 and A700 aircraft for Adam Aircraft and provide lease back options to owners for air taxi operations following delivery of the roomy carbon fiber A700 in 2008.

HZHT GA Airlines LTD web site: www.myairplane.com.cn

Jason Fan, CEO
Hainan Zhong Hong Tai General Airlines LTD.
U.S. Tel: 1-626-3757339
China: 86-13916095059

About Adam Aircraft

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colo., with additional facilities in Pueblo, Colo., and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam A700 FAA Certification Program Gaining Momentum

A700 s/n 003 in Flight
A700 s/n 003 in Flight
 
 

Englewood, Colorado, May 23, 2007— Adam Aircraft today announced several important milestones for the A700 AdamJet certification program. The first fully conforming A700, Serial Number 003, joined the flight program with its first flight on April 9, 2007. Since first flight, testing has focused on the evaluation of the production configuration of flight controls, landing gear system, avionics, and data acquisition system used for flight testing.

"Since Serial Number 003 entered the flight program, the aircraft has handled very well and all systems are performing as expected," stated Adam Aircraft Flight Test Pilot Jeff Peer. "We are working on air speed calibration and stability and control effectiveness with different configurations throughout the flight envelope. The three-screen Avidyne display has been particularly impressive in providing a clear overview of the aircraft's performance, perspectives, and the aircraft is very reliable out of the box". In addition to Serial Number 003, two nonconforming prototypes have completed more than 989 hours of risk-reduction testing. "We learned a lot from the two prototypes and we are very pleased with Jet 003."

The all-carbon fiber design has met or exceeded its structural design parameters. The aircraft has completed Ground Vibration Testing (GVT), which is a necessary step in clearing the aircraft for its full-speed operating envelope, including a maximum cruise speed of 340 KTAS and maximum operating ceiling of 41,000 feet. In support of flight test, Adam Aircraft is also conducting full-scale static testing on several test articles and has successfully completed more than 75 percent of the company tests. Static testing for FAA requirements is currently 20 percent complete and will conclude in 2007.

Jet 004 fuselage, wing, and tail have been mated, and the aircraft will join the test program this summer, followed by Jet 005 later this year. The last aircraft used in the certification program, Jet 006, will be built to support the Functional and Reliability (F&R;) tests at the end of the flight test program. Following the conclusion of F&R; tests, the company will obtain its A700 Type Certificate, with deliveries beginning in 2008. The A700 will be added to the Adam Aircraft Production Certificate (PC) already in place for its facilities in Englewood and Pueblo, Colorado, and Ogden, Utah, in support of production of the A500 piston twin aircraft.

About Adam Aircraft

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet, which is currently undergoing flight test and development, will carry seven people and feature the best people-to-price performance ratio of any VLJ. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Continues Growth with Hiring of Aviation Executive Duncan B. Koerbel

Duncan B. Koerbel
Duncan B. Koerbel
 
 

Englewood, Colorado, February 12, 2007— Adam Aircraft today announced the appointment of Duncan (Dunc) B. Koerbel as President. Koerbel's aerospace career encompasses Raytheon Aircraft, Fairchild Dornier, Lockheed, and Bombardier where he has held senior positions in engineering, production, and program management. He will be responsible for guiding the company as it continues to move forward on certification of the A700 AdamJet as well as managing the successful A500 production and delivery programs. Joe Walker, who served as President from 2003, will continue on as a consultant.

Koerbel will report to company Founder, Chairman and Chief Executive Officer Rick Adam through John Wolf who has joined the Board of Directors as Lead Director and Board Liaison.

"This is great news for Adam Aircraft as we continue to make the transition from a development to a production company. Dunc adds extensive aircraft manufacturing experience to our team and will help accelerate our A700 certification and ramp up our manufacturing operation in moving the company forward," stated Adam Aircraft founder, chairman and CEO Rick Adam.

Koerbel comes to Adam Aircraft from Bombardier Aerospace where he led the Global Express aircraft program. As Vice President and General Manager Global Express & Global 5000 Business at Bombardier Aerospace in Montreal, Canada, Koerbel oversaw the Global Express XRS and Global 5000 business jet product line including engineering, aircraft production, and completions. While at Lockheed Martin, he served as Vice President & General Manager, Aircraft Division where he was responsible for the aircraft heavy maintenance (MRO) business plus all facets of business development, operations, contracts and dealings with local and federal government customers and agencies.

As Fairchild Dornier's Vice President, New Airplane Program Office in Munich, Germany, Koerbel was in charge of the program office for the 728 and 928 airliner development programs. Koerbel began his aviation career at Raytheon Aircraft serving in numerous capacities including leading the development and certification of the Premier I business aircraft, the first jet aircraft designed by the company and first "clean sheet design" in fifteen years. He also ran the FAA Part 25 Beechjet 400A product line along with developing and certifying the FAA Part 23 Super King Air 350. A graduate of Penn State with a B.S. in Aerospace Engineering, Koerbel also holds a MBA from Wichita State University and is a commercial instrument rated pilot.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Industry Veteran John Wolf joins Adam Aircraft Board of Directors as Lead Director and Board Liaison

John Wolf
John Wolf
 
 

Englewood, Colorado, February 12, 2007— Adam Aircraft welcomed today newly elected Board member John Wolf as the Lead Director and Board Liaison. Wolf will provide direction from the Board and will be an active contributor to company operations. His industry experience spans more than 30 years in government and commercial aerospace in astronautics, electronics, military aircraft and commercial aircraft at companies including Fairchild Aerospace Corporation, Teledesic Corporation, and McDonnell Douglas Corporation.

"Having someone of John's caliber join the Adam Aircraft team bodes well for us as a company. His role on the board will add significant aircraft manufacturing and certification experience," stated Rick Adam, Adam Aircraft founder, chairman and CEO.

Wolf gained the majority of his aviation experience while working at McDonnell Douglas Corporation for over 34 years. He began his career in various engineering and project management positions on missiles and space projects in McDonnell Douglas Astronautics Company in St. Louis, Missouri. He was named Vice President, General Manager of McDonnell Douglas Electronics Company and then Executive Vice President of McDonnell Aircraft Company responsible for engineering, manufacturing, procurement, quality, and human resources for all military airplanes. Wolf became Sr. Vice President of Douglas Aircraft Company in 1989 and was responsible for program management of various commercial aircraft and launch of the MD-95, now the Boeing 717.

Prior to his retirement in 2002, Wolf served as Fairchild Dornier Corporation's Chief Operating Officer in Oberpfaffenhofen, Germany and was responsible for the development, launch and manufacturing of various commercial aircraft from 30-100 passengers. Wolf has a BSEE, MSEE and Doctor of Engineering (Honoris Causa) from the University of Missouri, Rolla.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Secures Experienced Executives to Accelerate Engineering Programs

Englewood, CO, December 5, 2006— Adam Aircraft today announced the appointment of Tom Bisges as Senior Vice President, Engineering and Program Management, and Malcolm Thomson as Vice President, Flight Test Engineering.


Tom Bisges
 
 

Malcolm Thomson
Tom Bisges comes to Adam Aircraft following a successful and distinguished career with Bombardier Aerospace and Sino Swearingen Aircraft Corporation. As Sino Vice President of Engineering, he achieved FAA certification for the SJ30-2 twin-engine jet. Additionally, he was responsible for leading all technical personnel and the planning and execution of certification activities supporting engineering, flight operations, and FAA airworthiness on the SJ-30 business jet. Prior to joining Sino Swearingen, Bisges spent 12 years with Bombardier Aerospace, managing engineering efforts on the Global Express, Challenger 604, RJ 200, Lear 60, and Lear 40 aircraft. Tom has 20 years of experience in military and corporate aviation engineering and holds a Bachelor of Science in Mechanical and Aerospace Engineering from the University of Missouri.

"We are extremely pleased to have Tom lead our engineering effort," stated Rick Adam, Founder of Adam Aircraft and Chief Executive Officer. "His previous accomplishments with FAA certification and new aircraft development will streamline our processes on A700 AdamJet certification and accelerate product enhancements for the A500 piston twin."

Bisges' responsibilities will include the management of company engineering efforts, consisting of FAA type certification of the A700, service engineering and upgrades to the A500 and A700, and new product development. Additionally, Bisges will oversee the creation and certification of enhancements and products from the existing Adam Aircraft fleet.

Malcolm Thomson joins Adam Aircraft as Vice President, Flight Test Engineering, responsible for the Adam Aircraft fleet flight test techniques, procedures, and all associated instrumentation and data systems. Prior to joining Adam Aircraft, Thomson founded Optika, a document imaging and workflow software company that went public in 1996. He also served as President of Blue Mountain Avionics where he provided design criteria for the EFIS/One, EFIS/Lite, and Digital Autopilot, and worked across the firm in manufacturing, sales, customer support, and business development. He also worked for Ashton-Tate, the successful developer of dBASE, the popular database product.

He has earned a pilot's license with an MEL Instrument rating, and flies his own Twin Commander 690A-10 turboprop and his personally built Thunder Mustang. Thomson holds a Bachelor of Science degree in Computer Science from Hatfield University, Hertfordshire, England.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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A700 Adam Jet Chosen by Magnum Jet

Orlando, FL, October 16, 2006— Adam Aircraft is pleased to announce that Magnum Jet has chosen the A700 AdamJet for its new Very Light Jet (VLJ) ownership and management program and future air limo service.

"Adam Aircraft is eager to help launch Magnum Jet's innovative and comprehensive ownership program, which extends the breadth and depth of the emerging Very Light Jet marketplace," said Adam Aircraft founder and CEO Rick Adam. "The Magnum Jet mission fits the A700 AdamJet operating profile, which is to fly well over 1,000 hours a year. With a delivery order for 101 A700 aircraft, Magnum Jet has placed their confidence in Adam Aircraft as a leader in the VLJ marketplace."

"We carefully selected the A700 AdamJet for our ownership program and future services. The A700 provides the right blend of comfort and stability, with four to five passenger seats and aft lavatory. The advanced design, based upon the carbon fiber structure, provides a distinctive profile that has drawn substantial interest in the market," said Jim Burns, CEO of Magnum Jet.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

Magnum Jet, headquartered in Connecticut, was formed in partnership with Proctor NBF Capital Partners to bring Very Light Jets to market. Along with the Company's strategic partners, Magnum will offer a turnkey ownership and comprehensive management program for Very Light Jet owners and will operate an air limo service for regional travel. For more information please visit www.magnumjet.com.

# # #

Contact:

Shelly Simi
Adam Aircraft
Cell: 202 550.0148
shelly.simi@adamaircraft.com

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Adam Aircraft Extends Flight Capabilities of the Innovative A500 Centerline Twin with Night/IFR and Pressurized Flight Certification

Adam Aircraft A500 in Flight
Adam Aircraft A500 in Flight

Englewood, CO, September 29, 2006— Adam Aircraft today announced it has achieved a major milestone in receiving an amended FAR Part 23 Type Certificate (TC) from the Federal Aviation Administration (FAA) for the all-composite A500 pressurized centerline twin-engine aircraft. The six-seat Adam A500 has been designed and developed with 21st-century materials and state-of-the-art engineering techniques to become the industry leader in performance, safety, and reliability in the twin-engine piston category.

This Type Certification marks the first-ever Day/Night VFR/IFR certification for a new-technology, all-composite, pressurized, twin-engine aircraft. The last new pressurized twin-engine airplane was manufactured in 1986.

"The A500 is the only pressurized twin-engine piston aircraft in production today," said Rick Adam, founder and CEO of Adam Aircraft. "Our customers benefit from our elegant carbon-fiber construction and the safety of our twin in-line thrust engines. The A500 is an excellent step-up airplane for the thousands of owners of new-generation single-engine aircraft."

The A500 is now certified to its full 5.5 psi pressurization, which provides a sea-level cabin to 12,500 ft. (Note: Subsequent to this press release, the A500 received certification to 18,000 ft). Additional certified upgrades include a fully coupled IFR autopilot, Day/Night VFR/IFR, single-pilot flight operation, leading-edge cuffs to improve low-speed handling characteristics, and an expanded CG range. Maximum operating altitude expansion to 25,000 ft. will occur this winter concurrent with de-icing certification. Final performance numbers will include a 230-knot cruise speed and a more-than 1,100 nm NBAA IFR range at 75% power.

"This is the most capable twin-engine piston aircraft available in the marketplace today" said Joe Walker, President of Adam Aircraft. "No other aircraft in this segment comes close to the performance, the comfort of the largest pressurized cabin in its class, and the amenities that the A500 provides. Our customers have recognized this outstanding value, and as a result we have a-two-year backlog of orders to fill."

With the recently awarded FAA Production Certificate in hand, the A500 production line will continue to accelerate to meet this pent-up demand for a safe and reliable pressurized piston twin. A500 Serial Number 008 is currently undergoing its final flight checks for an October delivery, and Serial Numbers 009 through 024 are on the production line.

Adam Aircraft is the only company in this class to have a dedicated customer support aircraft on a 24/7 basis, and the A500 is backed by the Adam Aircraft guaranteed operating cost program. More than 20 A500 Authorized Service Centers nationwide provide a world-class customer experience to ensure the highest degree of dispatch reliability. A500 pilot training is conducted in-house using the FAA Industry Training Standards (FITS) program and additional performance-based curriculum. All A500 owners who have taken delivery of their aircraft to date have completed their training with exceptional results, and are extremely satisfied with their aircraft.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.


# # #

Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Receives FAA Production Certificate

Adam Aircraft A500 in Flight
Adam Aircraft A500 in Flight
Adam Aircraft Receives FAA Production Certificate
Adam Aircraft Receives FAA Production Certificate
Left to right: Rick Adam, Adam Aircraft CEO, Ron May, FAA Denver Aircraft Certification Office Manager, Kurt Krumlauf, FAA Production Certification Board Chairman, Darrel Watson, Adam Aircraft Vice President, Quality Assurance, Joe Walker, Adam Aircraft President

Englewood, CO, September 19, 2006— Today, the Federal Aviation Administration (FAA) issued a Production Certificate to Adam Aircraft, giving the company approval to manufacture and deliver its A500 aircraft under an FAA-approved type design. This allows Adam Aircraft to accelerate production of the A500 by being able to inspect and apply standard airworthiness certificates under a system approved by the FAA. The FAA Production Certificate substantiates that Adam Aircraft's Quality System and manufacturing procedures meet the Federal Aviation Regulations.

Obtaining type and production certificates for manufacturing new products is a fundamental concept in the FAA regulatory framework. Inherent in this concept is the privilege for a PC holder to obtain a standard airworthiness certificate without further showing to the FAA.

"An FAA Production Certificate represents a major step toward the Adam Aircraft goal of delivering six A500 aircraft every month," said Rick Adam, Founder and CEO. "Issuing a Production Certificate means the FAA accepts the Adam Aircraft Quality System as one that will reliably produce A500 aircraft that conform to the approved type design."

"The FAA Production Certificate Board determined that Adam Aircraft has met all the requirements for issuing the certificate and our engineering, manufacturing, and quality assurance organizations are poised to increase A500 deliveries," stated Darrel Watson, Adam Aircraft Vice President, Quality Assurance. "We look forward to working closely with the FAA and using our proven ability to manage Requests for Conformity (RFC) under our approved Organizational Designated Airworthiness Representative (ODAR) Manual as we take the next step in achieving a type certificate for the A700 AdamJet."

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.


# # #

Contact:

Shelly Simi
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Raises $93 million
Leading Maker of High-Tech Composite Aircraft Aims to Accelerate Growth Plans

Englewood, CO, August 22, 2006— Adam Aircraft, a leading designer and manufacturer of advanced carbon composite aircraft for the twin piston and very light jet (VLJ) markets, announced today it has completed a $93 million Series F funding round led by new investor DCM, a top-performing venture capital firm. Other new investors included Mesirow Financial, W Capital Partners, D.E.Shaw Laminar Portfolios, LLC (a member of the D.E.Shaw group of companies) and Acadia Woods Partners, which joined previous investors Goldman Sachs and Hunt Growth Capital in the round. A sizable portion of the new round was also received from various new European investors. Ralph Isham of G H Venture Partners supported this funding. The company plans to use its new capital to accelerate the certification of its A700 AdamJet and the production ramp-up of the FAA-certified A500 piston twin, recently featured in the "Miami Vice" motion picture with its signature twin boom, centerline design.

"After looking at a number of emerging companies in the exciting VLJ space, we were particularly impressed with Adam's demonstrated ability to efficiently deploy capital," said Rob Theis, DCM general partner. "The company's A500 aircraft, currently being delivered to customers, was certified with $80 million of investment, which we consider best-in-class. This track record of cost-effective certification of high-tech composite aircraft, together with their low-risk approach to the derivative A700 VLJ certification program, led us to the conclusion that Adam Aircraft will be at the forefront of this emerging market."

Adam Aircraft is based in Englewood, Colo., with additional manufacturing facilities in Pueblo, Colo., and Ogden, Utah, and has a staff strength of 600 team members. "With this funding we have more than doubled our previous capitalization, putting us in a position to accelerate our product development and production growth plans," said CEO Rick Adam. "Our order backlog in excess of 400 aircraft valued at $850 million gives us added confidence that we will be a sustainable and growing employer in Colorado and Utah for some time to come."

"Our continued ability to raise capital and attract a diversified portfolio of new investors is a clear indication of our leadership in carbon fiber technology and the increasing awareness of the burgeoning VLJ marketplace," said Chris Naro, Adam Aircraft CFO. "Our strong backlog, together with this significant influx of capital, leaves us well-positioned to bring our operations to sustainable profitability."

About Adam Aircraft

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet, which is currently undergoing flight test and development, will carry eight people and feature the best people-to-price performance ratio of any VLJ. Funds affiliated with Goldman Sachs represent the company's largest outside investor. Adam Aircraft headquarters are based at Centennial Airport (APA) in Englewood, Colo., with additional facilities in Pueblo, Colo., and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

About DCM

DCM is a top-performing venture capital firm supporting entrepreneurs building early-stage technology companies. DCM partners manage more than US$1.5 billion and have funded leading technology companies including 2Wire, 51job (Nasdaq: JOBS), @Motion (Openwave), About.com (The New York Times Co.), All About (JASDAQ: 2454), Dang Dang, Foundry Networks (Nasdaq: FDRY), HireRight, Internap (AMEX: IIP), IPivot (Intel), JCI (Nasdaq Japan - Hercules: 9424), Kabu.com (TSE:8703), nQuire (Siebel), PGP Corporation, Recourse Technologies (Symantec), Sigmatel (Nasdaq: SGTL), SMIC (NYSE: SMI), UUNet (MCI), Vimicro (Nasdaq: VIMC), and Worksoft. DCM offers hands-on operational guidance and access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. For more information, please visit DCM's website at www.dcm.com.

# # #

Contacts:

Chris Naro
Chief Financial Officer
Adam Aircraft
303.708.7826
chris.naro@adamaircraft.com

Shelly Simi
Director, Public Relations
Adam Aircraft
301 261.9601: Office
202 550.0148: Cell
shelly.simi@adamaircraft.com

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Adam Aircraft Announces A500 Aircraft Featured in 'Miami Vice,' the Movie

Adam Aircraft A500

Miami Vice, The Movie


Englewood, CO, July 5, 2006— Adam Aircraft today announced that the Adam A500 centerline twin-engine piston airplane will be featured in the upcoming Universal Pictures release "Miami Vice," the movie, in theaters July 28, directed by renowned director Michael Mann and starring Academy Award®-winner Jamie Foxx and Colin Farrell.

The Adam A500, based on Centennial Airport (KAPA) in Colorado, flew to Florida and the Dominican Republic for two extended filming schedules. Adam Aircraft pilots Jan D'Angelo and Mike McCready flew the airplane on all legs of both trips, including circumnavigating Hurricane Wilma to meet the film crew in Florida and the Dominican Republic. The Dominican Republic flight signified the first international flight for Adam Aircraft.

While shooting on location, many of the "Miami Vice" crew, including Michael Mann, Jamie Foxx and Colin Farrell, took the opportunity to fly in the airplane. For some segments, Michael Mann even personally shot the action from the cabin of the A500!

"The Adam Aircraft A500 is the ideal airplane for 'Miami Vice,'" said Adam Aircraft CEO Rick Adam. "The A500 signature twin-boom profile reaches the level of high style and high performance necessary to meet the standards of a Michael Mann production, and the footage we've seen shows off the airplane's extraordinary look, along with its superior speed and maneuverability."

The film features Adam Aircraft A500 Serial Number 002, which has:

  • Flown more than 1,200 flight hours
  • Visited more than 100 U.S. cities, airports and FBOs (Fixed Base Operators)
  • Flown more than 187,000 miles on the odometer, greater than eight times around the world
  • Holds the National Aeronautic Association A500 Speed Record Over a Recognized Course both from Las Vegas, Nevada, to Long Beach, California, and from Long Beach, California, to Denver, Colorado

About the Film

The cocaine cowboys of the '80s are gone, but Miami's Casablanca allure, the undercover cops and the attitudes of Michael Mann's culturally influential television series have been enhanced by time in the feature film version of "Miami Vice."

Ricardo Tubbs (Academy Award®-winner Jamie Foxx of "Ray," "Jarhead") is urbane and dead smart. He lives with Bronx-born intel analyst Trudy, played by British actress Naomie Harris ("28 Days Later," upcoming "Pirates of the Caribbean II and III"), as they work undercover transporting drug loads into south Florida to identify a group responsible for three murders.

Sonny Crockett (Colin Farrell of "S.W.A.T.," "The New World") (to the untrained eye, his presentation may seem unorthodox, but procedurally he is sound) is charismatic and flirtatious until, while undercover working with the supplier of the south Florida group, he gets romantically entangled with Isabella, the Chinese-Cuban wife of an arms and drugs trafficker. Isabella is played by the Chinese actress Gong Li ("Raise the Red Lantern," "Memoirs of a Geisha").

The best undercover identity is oneself with the volume turned up and restraint unplugged. The intensity of this case pushes Crockett and Tubbs out onto the edge where identity and fabrication become blurred, where cop and player become one - especially for Crockett in his romance with Isabella and for Tubbs in the provocation of an assault on those he loves.

"Miami Vice," as a large-scale feature film, liberates what is adult, dangerous and alluring about working deeply undercover ... especially when Crockett and Tubbs go to where their badges don't count.

"Miami Vice" stars Colin Farrell, Jamie Foxx, Gong Li, Naomie Harris and Ciaran Hinds and is written and directed by Michael Mann, who also produces along with Pieter Jan Brugge; Anthony Yerkovich serves as executive producer.

About Adam Aircraft

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

About Universal Pictures

Universal Pictures is a division of Universal Studios (www.universalstudios.com). Universal Studios is part of NBC Universal, one of the world's leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience. Formed in May 2004 through the combining of NBC and Vivendi, NBC Universal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group, and world-renowned theme parks. NBC Universal is 80%-owned by General Electric, with 20% controlled by Vivendi.

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Contact:

Terry Truman
Adam Aircraft
Office: 303-406-5965
Cell: 720-256-5492
terry.truman@adamaircraft.com

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Adam Aircraft Announces Chris Naro as Chief Financial Officer

Englewood, CO, June 29, 2006— Adam Aircraft today announced the appointment of Chris Naro as Chief Financial Officer. He will report to Adam Aircraft Chairman and Chief Executive Officer Rick Adam, and will be responsible for all finance and accounting functions. Among his many duties as CFO, his responsibilities will focus on raising capital, financial planning, working closely with the Chief Operating Officer on ramping aircraft production, and managing continuous improvement programs geared toward improving production and cost efficiencies. In addition, Mr. Naro will be a key member of the Executive Team that will prioritize future markets and product development initiatives for Adam Aircraft.

Prior to joining Adam Aircraft, Naro served in senior finance and business roles over a 22-year career. Significantly, he was the Vice President of Finance and Strategic Analysis for the $10 billion Aerospace Business Unit of Honeywell International. At Honeywell he was responsible for the overall financial performance of the Aerospace Business where his activities involved the implementation of manufacturing productivity and efficiency programs, M&A;, financial and strategic planning, as well as the post-merger integration of the aerospace businesses of AlliedSignal and Honeywell. Mr. Naro has also served as a consultant with McKinsey & Co. and has extensive international experience, including several European and Asian assignments. Other significant manufacturing-related positions include his most recent post at StorageTek in Louisville, Colorado, where he served as the Chief Financial Officer of its largest business unit. Naro holds a BChE in Chemical Engineering from the University of Delaware and an MBA in finance from The Wharton School of Business at the University of Pennsylvania.

"We welcome Chris as an integral and timely addition to our team," said CEO Rick Adam. "As we enter a period of rapid growth and expansion, Chris' depth of experience in managing critical finance, manufacturing and strategic initiatives with high-growth enterprises will prove indispensable."

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. With more than 550 employees, Adam Aircraft headquarters are on Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

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Contact:

Shelly Simi
Public Relations Counsel
Adam Aircraft
Office: 301 261.9601
Cell: 202 550.0148

shelly.simi@adamaircraft.com

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JSSI® and Adam Aircraft Announce Exclusive A500 and A700 Tip-to-Tail® Coverage

Englewood, CO, May 30, 2006— Today JSSI (Jet Support Services, Inc.) and Adam Aircraft introduced Tip-to-Tail hourly maintenance cost guarantee programs developed exclusively for the new Adam A500 twin-engine piston and A700 AdamJet aircraft.

This program launch marks the entry into the VLJ (Very Light Jet) market for JSSI and the first hourly maintenance program to include complete airframe and engine coverage for a twin-engine piston aircraft.

"This is a milestone for us at JSSI. We worked extensively with the Adam Aircraft customer support team to put this together," commented John F. Haskins, President and Chief Executive Officer for JSSI. "We knew our hourly cost programs could be effective over a wide spectrum of aircraft. Now these owners can expand on their warranty coverage and benefit from our excellent technical support as well as having predictable maintenance costs year after year."

Adam Aircraft A500 and A700 buyers can now include Tip-to-Tail coverage at preferred rates for three or five year terms when they purchase the aircraft.

"The fixed-cost maintenance program offered by JSSI will stabilize the direct operating cost for owners of new A500 and the A700 aircraft, and ensure a high rate of dispatch reliability", said Kay Ardalan, Adam Aircraft Vice President, Customer Support. "This program also features a computerized maintenance tracking program that will augment the Maintainability and Reliability analysis of our fleet and enable better planning of support elements."

The exclusive A500 Tip-to-Tail program will cover the airframe and the Teledyne Continental Motors TSIO-550-E Continental engine and accessories. The A700 AdamJet program will cover the entire airframe and accessories. Some key maintenance items included in both programs are:

  • Scheduled maintenance, parts and labor
  • Unscheduled maintenance, parts and labor
  • Life limited components
  • Removal and reinstallation
  • Loaner components (including avionics)
  • Service Bulletins
  • Airworthiness Directives
  • Troubleshooting
  • On-site JSSI technical representation

The benefits of the Tip-to-Tail Program for Adam Aircraft owners and operators include:

  • Elimination of financial risk for both scheduled and unscheduled maintenance events
  • Continued control over their maintenance operation and expenses
  • Ability to transfer their Tip-to-Tail equity to future enrolled aircraft
  • Opportunity to realize an increase in their aircraft's residual value
  • Reimbursement for in-house maintenance labor and parts expenses
  • Opportunity to be reimbursed for some of the funds paid into the Tip-to-Tail Program through the JSSI/VEST plan

Founded in 1989, JSSI provides customers with comprehensive, flexible and affordable financial tools for managing the often unpredictable costs of operating and maintaining nearly all types of turbine-powered aircraft, including jets, turbo-props and turbine powered helicopters. The only independent hourly cost maintenance provider, JSSI serves customers globally and manages maintenance services through its network of technical advisors stationed worldwide. For more information about JSSI, visit the company's web site at www.askjssi.com.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

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JSSI Contact:

Marj DeLong
MarketLift, Inc
214-862-8992
mdelong@market-lift.com

Adam Aircraft Contact:

Shelly Simi
Public Relations Counsel
Adam Aircraft
Office: 301 261.9601
Cell: 202 550.0148

shelly.simi@adamaircraft.com

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Adam Aircraft A700 AdamJet Achieves Flight of 41,000 feet at 340 Knots
A700 Very Light Jet Program Continues to Accelerate

Adam Aircraft A700 AdamJet Achieves Flight of 41,000 feet at 340 Knots
See more photos

Englewood, CO, April 26, 2006— Today Adam Aircraft announced that the A700 AdamJet flew to 41,000 feet and achieved a true airspeed of 340 knots. The aircraft was crewed by Senior Turbine Test Pilot Ken Sasine and co-pilot Dan Brand.

The aircraft departed Centennial Airport on April 20, 2006, on a test flight to verify the planned maximum operating altitude, and the aircraft performed a direct climb to 41,000 feet. Passing through 39,000 feet, the climb rate was still in excess of 1,000 feet-per-minute. The aircraft flew level at 41,000 feet for approximately five minutes, reaching a maximum true airspeed of 340 knots. As expected, the airplane performed flawlessly.

"This flight signifies the continuing progress of the A700 program," said Bill Watters, Adam Aircraft Vice President of Flight Operations. "Serial Number 001 has demonstrated the aircraft's flight capabilities, Serial Number 002 remains on track for FAA Certification, and collectively the two aircraft have flown more than 500 hours. A700 Serial Number 003 is currently in production."

A700 Serial Number 002 includes a recently installed Digital Acquisition Unit to monitor full engine and fuel instrumentation, and has begun performance testing, including airspeed calibration, takeoff, and landing tests. The aircraft also includes fully functioning software supporting the three-tube Primary and Multi-Function Flight Displays. Static testing has considerably accelerated, with completed fuselage testing to 26.7 psi, which exceeded the 24.7 psi pressure differential test requirement. The static tests for engine mounts, tailbooms, nosewheel tunnel, wing, spars, elevator, rudder, and landing gear are all well underway and scheduled for completion by June 30.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-piston aircraft has been Type Certified by the FAA and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft's headquarters are based on Centennial Airport (APA) in Englewood, Colorado with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

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Contact:

Shelly Simi
Public Relations Counsel
Adam Aircraft
Office: 301 261.9601
Cell: 202 550.0148

shelly.simi@adamaircraft.com

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Adam Aircraft Announces Rob Penrod as Vice President, Manufacturing
Experienced Composites Manager to Lead Transition to Full-Rate Production on A500 and A700

Englewood, CO, April 17, 2006— Adam Aircraft announced today the appointment of Rob Penrod as Vice President of Manufacturing. Penrod joins Adam Aircraft from Bell Helicopter. As Director of Operations, he led a business unit of more than 400 employees and annual sales of $600 Million. With cross-functional oversight of manufacturing, tooling, industrial engineering, and quality, Penrod led Bell's efforts to transition the V-22 Osprey, a complex composite tilt-rotor aircraft, from developmental stages into full-rate production. Prior to joining Bell Helicopter, Penrod spent 19 years with the Aerostructures Corporation of Nashville, Tennessee. Rob has more than 27 years of aerospace experience in manufacturing, quality assurance, program management, marketing, inventory management, and lean methodologies.

"Rob is an important addition to the Adam Aircraft team," said CEO Rick Adam. "As Vice President of Manufacturing, Rob will spearhead our quest to achieve optimized production rates for the A500 and A700 aircraft as quickly and efficiently as possible."

"Rob's leadership and knowledge will be essential as we expand our manufacturing operations," said Craig Johnson, Adam Aircraft COO. "With his extensive experience in complex manufacturing operations, including recent, highly relevant experience scaling manufacturing operations for the V-22 composite platform, we expect Rob's contributions to allow us to deliver our breakthrough aircraft at predictable and scaleable rates."

"The simplicity, intuitiveness, and commonality of the Adam A500 and A700 make these new aircraft a pleasure to build, and easy for both individuals and fleet customers to service and maintain," said Rob Penrod. "I look forward to supporting Craig Johnson and the team as we expand our manufacturing capacity at our facilities in Colorado and Utah."

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-piston aircraft has been Type Certified by the FAA and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. With over 550 employees, Adam Aircraft's headquarters are on Centennial Airport (APA) in Englewood, Colorado with additional facilities in Pueblo, Colorado and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

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Contact:

Shelly Simi
Public Relations Counsel
Adam Aircraft
Office: 301 261.9601
Cell: 202 550.0148

shelly.simi@adamaircraft.com

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Adam Aircraft Announces Craig Johnson as Chief Operating Officer

Englewood, CO, March 10, 2006— Today Adam Aircraft announced that Craig Johnson has joined the firm as Chief Operating Officer. Johnson comes to Adam Aircraft from the Northrop Grumman Electronics Sector, where he served as Vice President, Network-Centric Systems; Vice President, F-16 Sensor Systems; Vice President, Supply Chain Management; and Vice President, Aerospace Systems Program Operations. He also held executive positions with AlliedSignal Technical Services Corporation; McDonnell Douglas Corporation (including leading the F-15 Eagle fighter program); and General Dynamics Corporation. Following graduation from the United States Air Force Academy, he served in Southeast Asia, flying more than 85 combat missions in the A-7D and A-10A aircraft.

"We are very pleased to have Craig join our team as Chief Operating Officer," said Adam Aircraft Chairman and CEO Rick Adam. "We have great growth opportunities ahead, and Craig's talent and experience in aircraft development and manufacturing will be a major contribution to our success."

"With a three-quarter-billion-dollar order backlog and the first of many A500 deliveries last year, we now look forward to Craig providing his production experience to quickly ramp up deliveries to six aircraft per month to meet this strong customer demand," said Joe Walker, Adam Aircraft President.

"I'm delighted to be joining such a talented team and to be associated with the A500 and the A700 aircraft," said Craig Johnson. "These carbon-composite aircraft represent next-generation twin piston and jet engine designs and embody extremely strong construction with highly safe centerline thrust. I am excited to lead the transition to production and the delivery ramp up of both of these aircraft."

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-piston aircraft has been Type Certified by the FAA and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft's headquarters are based on Centennial Airport (APA) in Englewood, Colorado with additional facilities in Pueblo, Colorado and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

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Contact:

Shelly Simi
Adam Aircraft
Office: 301 261.9601
Cell: 202 550.0148

shelly.simi@adamaircraft.com

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ST Engineering and Adam Aircraft Sign Strategic Partnership for Very Light Jet and Piston Aircraft

A500 and A700 AdamJet in formation

Englewood, CO, February 23, 2006— Singapore Technologies Engineering Ltd (ST Engineering), through its aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace), today signed a letter of intent (LOI) with Adam Aircraft to establish a strategic partnership to address the very light jet (VLJ) and piston aircraft market segments.

Under the partnership, ST Aerospace will provide engineering, logistics (including components), maintenance, repairs and overhaul (MRO) support for VLJ and the twin piston aircraft designed by Adam Aircraft. Tapping on ST Engineering's strength in these areas, Adam Aircraft seeks to lower the cost of ownership and provide total aviation support for its light jet and piston aircraft. The partnership will also provide ST Aerospace with the option, exercisable within seven years, to invest up to US$50m in the company.

This partnership is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

Adam Aircraft is based in Englewood, Colorado, and has staff strength of more than 550. The company specializes in the design and manufacture of all-composite very light jets and piston aircraft, and to date has an order book of over 350 for its A700 VLJ and A500 twin piston aircraft, valued over US$700m.

VLJs fit into an emerging market category in the US and globally. Aircraft in this category use jet engines and are at a price range that competes with the traditional propeller-driven small aircraft. The new category is aligned between general aviation aircraft and small commercial planes that typically cost between US$4m and US$15m. VLJs cost between US$1.5m and US$3.0m and seat between three to ten passengers. They are well-suited as air taxis as they can transport passengers regionally without routing through aviation hubs, saving time, and can operate on short runways of 3,000 feet. Buyers of VLJs range from fractional owners, charter operators, and corporations to high-net-worth individuals.

"Being a young company, we are pleased to be associated with the world's largest third-party MRO service provider, ST Aerospace, which can provide not only first class MRO services for our customers but can also help our marketing efforts through their global footprint. Adam Aircraft expects to have a leading position in the twin piston and very light jet markets in North America and eventually, globally. We are excited about having a global engineering team from ST Aerospace as our strategic partner, and together we will be able to provide a wide range and depth of expertise and capabilities to support Adam Aircraft's rapid growth." - Rick Adam, CEO, Adam Aircraft

"Adam Aircraft represents a new strategic partner and customer for ST Aerospace. In addition, it presents us with the potential to tap into an emerging and promising VLJ market and the latest composite technology. The Adam Aircraft partnership builds upon our strengths in MRO, aircraft logistics and engineering, and extends our range of relationships with OEMs." - TAN Pheng Hock, President and CEO, ST Engineering

"We welcome this strategic partnership between ST Engineering and Adam Aircraft. The VLJ market has tremendous potential, and will add a new dimension to Singapore's aerospace industry. ST Engineering's partnership with Adam Aircraft will no doubt help bring to Singapore, capabilities in the entire value chain of VLJ activities; from design and development to manufacturing and assembly and, of course, Maintenance, Repair and Overhaul (MRO)." - Teo Ming Kian, Chairman, EDB

This LOI is non-binding and subject to due diligence studies expected to be completed in 60 days.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado with additional facilities in Pueblo, Colorado, and Ogden, Utah. For additional information on the company, please visit www.adamaircraft.com.

ST Aerospace is the aerospace arm of ST Engineering. Operating a global MRO network with facilities in Asia Pacific, Europe and the U.S., it is the world's largest airframe MRO with a global customer base that includes many of the world's leading airlines, airfreight operators and military operators. ST Aerospace provides a full spectrum of maintenance and engineering services through its three business segments: Aircraft Maintenance & Modification (AMM), Component / Engine Repair & Overhaul (CERO), and Engineering & Materials Services (EMS). Its services include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and management services, including Total Aviation Support. ST Aerospace has a global staff strength of more than 5,000 engineers and technical specialists. Please visit www.staero.aero.

ST Engineering is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenues of US$2.05b in FY2005. Its market capitalization of over US$5b ranks it among the largest companies listed on the Singapore Exchange. ST Engineering has about 14,000 employees worldwide, and over 100 subsidiaries and associated companies in 17 countries and 29 cities. Please visit www.stengg.com.

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Contact:

Shelly Simi
Adam Aircraft
Office: 301 261.9601
Cell: 202 550.0148

shelly.simi@adamaircraft.com

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Adam Aircraft: 2005 Milestones, Benchmarks, Achievements

Englewood, CO, February 8, 2006— Adam Aircraft today delivered a recap of significant events and achievements for the firm during calendar year 2005. Rick Adam, Adam Aircraft Founder and Chief Executive Officer, noted, "The team worked diligently all year and stayed focused on completing our short-term objectives that helped us achieve our long-term goals. This hard work paid off as we offered superior value and performance throughout the year to both customers and investors."

"The firm achieved our most significant milestone in November, when we completed our first customer delivery, Serial Number 005 of the A500 piston twin aircraft," continued Adam. "This achievement moved Adam Aircraft from a developmental company to an FAA-certified manufacturer delivering standard airworthiness-certificated aircraft."

On May 11, 2005, the Federal Aviation Administration granted a Type Certificate to the Adam Aircraft A500, allowing the firm to work toward customer delivery and serving as the precursor to the first delivery on November 7, 2005, and the second delivery of Serial Number 006 on December 29, 2005. Following A500 certification, the company completed many upgrades, including a production interior, passive restraints and airbags, an STC (Supplemental Type Certificate) with the aircraft's Avidyne Entegra avionics panel, and all maintenance and parts documentation.

Also during the year, Adam Aircraft rolled out Serial Number 002 of the revolutionary A700 Adam Jet, which will serve as the standard production and FAA certification aircraft. Additionally, the company created and installed significant upgrades to the A700 Very Light Jet, including the Avidyne Primary Flight Displays (PFD) and Multi-Function Displays (MFD), fuel belly pod, autopilot, pressurization, and expanded nose baggage configuration.

During the year, Adam Aircraft completed sales to individual owners, fleet companies, and air taxi operators that increased the company's sales backlog year-over-year from 222 aircraft sales and a backlog of $435 million, December 31, 2004, to 358 aircraft sales and a backlog of $730 million, December 31, 2005.

In November, the General Aviation Manufacturers Association (GAMA) Board of Directors unanimously voted Adam Aircraft into its national trade association, which represents the leading general aviation manufacturers. Also in November, A500 Serial Number 002 completed the first-ever Adam Aircraft international flight, flying to the Bahamas and the Dominican Republic during a five-day mission.

General Wesley Clark, noted soldier and Rhodes Scholar, joined the Adam Aircraft Board of Directors. The firm also added two skilled and experienced executives from the General Aviation industry. Bill Watters joined as Vice President, Flight Operations. Watters formerly served with Gulfstream Aerospace Corporation as Chief Pilot and Senior International Captain, and Shelly Simi, former Vice President of the General Aviation Manufacturers Association (GAMA), came on board as Public Relations Counsel. In May, the firm opened a second assembly facility in Ogden, Utah.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Contact:

Shelly Simi
Adam Aircraft
Office: 301 261.9601
Cell: 202 550.0148

shelly.simi@adamaircraft.com

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Adam Aircraft Announces First Flight of A700 AdamJet Production Aircraft

Adam Aircraft A700 AdamJet in First Flight over Centennial Airport, Englewood, Colorado, February 4, 2006
A700 AdamJet First Flight
See more photos

Englewood, CO, February 6, 2006— Adam Aircraft today announced the first flight of the A700 AdamJet, Serial Number 002, which is the first of three aircraft slated for conforming FAA flight-testing. The airplane, piloted by Bill Watters, Vice President of Flight Operations, and Ken Sasine, Senior Turbine Test Pilot, achieved a smooth takeoff as it flew the pattern for its intended 34-minute maiden flight at Centennial Airport (KAPA), Englewood, Colorado.

"The aircraft handled very well, stability was excellent, and the flight controls were very responsive and predictable," commented Sasine. "The throttle response was smooth and strong, and the climb performance was strong and steady. The airplane handled just as we expected."

"We're exceptionally pleased with the progress of the A700 jet program, and this first flight accelerates our A700 certification effort," said CEO Rick Adam. "The A700 Williams FJ-33 engines are already FAA-certified, and the 65% commonality from our FAA-Certified twin-engine piston will significantly reduce the A700 time-to-certification."

A700 Serial Number 002 is painted and striped in its full air taxi livery, and features a production instrument panel with three-tube Avidyne Entegra avionics. The aircraft is constructed from production tooling, featuring a production fuselage with improved cabin window and emergency exit placement, with the balance of the aircraft manufactured from A500 production parts common to the A700.

Since its First Flight, July 27, 2003, A700 Serial Number One has flown more than 400 hours, providing important aerodynamic, systems test data and interior development that creates a baseline for the upcoming FAA flight-test program during Type Certification. Serial Number 001 will now be used as a marketing and flight test aircraft, visiting cities, airports, and aviation events across the United States. Serial Number 002 will serve as the production and flight test aircraft for FAA Type Certification, which is targeted for later this year. More than 250 A700 Very Light Jets have been sold to owners/operators, fleet operators, and air taxi companies.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

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Contact:

Shelly Simi
Adam Aircraft
Office: 301 261.9601
Cell: 202 550.0148

shelly.simi@adamaircraft.com

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Adam Aircraft Announces First Customer Delivery of A500 Twin-Engine Piston Aircraft
Company Elected as Newest GAMA Member

S/N 005 on display at AOPA in Tampa, FL

Orlando, FL-November 8, 2005 — During the 58th Annual National Business Aviation Association (NBAA) Annual Meeting & Convention, Adam Aircraft announced the first customer aircraft delivery of the A500 centerline piston-engine twin aircraft. Serial Number 005 was delivered to a Colorado Springs business executive on Monday, November 07, 2005.

"This is great news for the firm. Adam Aircraft has moved from a developmental startup company that makes experimental aircraft to a FAA certified manufacturer that is delivering standard airworthiness aircraft," said Rick Adam, Chairman and CEO of Adam Aircraft. "Additionally, we are very pleased that the General Aviation Manufacturers Association (GAMA) Board of Directors has unanimously voted Adam Aircraft into its national trade association which represents the leading general aviation manufacturers."

The delivery announcement follows the Approved Production Inspection System (APIS) certification by the Federal Aviation Administration (FAA). This allows Adam Aircraft to accelerate production of the A500 by inspecting its own aircraft under a system approved by the FAA. An APIS designation essentially substantiates that Adam Aircraft quality systems and procedures are mature and effective enough for reduced FAA oversight. APIS is the precursor to a Production Certificate (PC), which is the approval to manufacture and deliver duplicate aircraft under an FAA-approved type design with periodic FAA audits of the production process.

"Our first customer delivery and the APIS certification represent major steps toward our goal of delivering six A500s every month," continued Adam. "Following Type Certification, the FAA allows six months to achieve APIS designation, and we achieved that goal in under 90 days. Our quality procedures have proven effective, reducing the review and approval workload, and the firm remains on track for our FAA Production Certificate in the first quarter of 2006."

Adam Aircraft Production Advisory Council

Adam Aircraft has established a Production Advisory Council consisting of industry experts who provide advice and guidance to Adam Aircraft as the firm moves out of development and ramps up production of the A500. Initial members of the Production Advisory Council include production expert Jack Braly, former President and COO of Raytheon Aircraft and quality expert Don Van Burkleo, former Cessna VP of Quality Control.

 

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

# # #

Contact:

Shelly Simi
Adam Aircraft
301 261.9601
shelly.simi@adamaircraft.com

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Adam Aircraft Announces Rollout of A700 AdamJet Serial Number 002

Rollout of A700 AdamJet S/N 002

Orlando, FL-November 8, 2005 — Orlando, Florida, November 8, 2005 During the 58th Annual National Business Aviation Association Meeting & Convention, Adam Aircraft announced the latest updates to its Very Light Jet (VLJ) program with the rollout of A700 AdamJet Serial Number 002. This conforming aircraft, made from production tooling by the same manufacturing and engineering team that built the A500, is scheduled for first flight prior to year-end.

"The A700 is a derivative airframe of our certified A500 aircraft, and is powered by the Williams FJ-33 engines, which have also been certified," said Joe Walker, President and COO of Adam Aircraft. "We will take advantage of the parts, processes, people, and FAA approvals that are already in place for the A500. We will use 65% of the A500 parts, and, since the A700 will be built on the A500 production line, we will take advantage of the A500 manufacturing learning curve. Additionally, we will use 90% of the same suppliers for the two aircraft. These benefits will provide for a smooth entry into service for the A700 in late 2006."

A700 Upgrades

"All of the advantages made to date to the A700 Serial Number 001, which is on display during the NBAA Convention, have been incorporated into A700 Serial Number 002," stated Walker. "Since last year's Convention, numerous upgrades have been made to the aircraft including the Avidyne PFDs & MFDs, fuel belly pod, autopilot, pressurization, expanded nose configuration, and gear doors."

Aircraft Backlogs

Adam Aircraft also reported today that it has a total of 282 A700 aircraft orders and 80 A500 orders for a total backlog of $731 million. This is almost triple the backlog size compared to a year ago. "We continue to be gratified by the market acceptance of both the A700 and A500. Our next available positions are first quarter 2007 for the A500 and first quarter 2008 for the A700," stated Walker.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-engine piston aircraft has been Type Certified by the FAA, and the A700 Very Light Jet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (APA) in Englewood, Colorado with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

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Contact:

Shelly Simi
Adam Aircraft
301 261.9601
shelly.simi@adamaircraft.com

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Adam Aircraft Selects Shelly Simi as Public Affairs/Media Relations Representative

Englewood, CO-October 24, 2005 —Adam Aircraft announces the recent hiring of Shelly S. Simi as the company's public affairs/media relations representative. Simi, who previously served as Vice President of Communications for the General Aviation Manufacturers Association (GAMA), will assist Adam Aircraft in broadening the company's communications and media relations activities.

"With more than 17 years of experience in the general aviation marketplace, Shelly has built a solid reputation with the media. Her knowledge of the industry, coupled with her extensive media contacts, makes her the ideal choice to help us enhance the Adam Aircraft presence in industry publications and the mainstream business press. She will be a tremendous asset in our promotional efforts and we welcome her as a part of our team," said Joe Walker, Adam Aircraft President and COO.

Simi serves on numerous boards of directors, including the Aero Club of Washington (as past president) and as a founding member of Women in Aviation, International. Prior to GAMA, Simi was a Flight Coordinator with FedEx Corporation and earned her bachelor of Commercial Aviation degree from Delta State University.

Media inquiries regarding Adam Aircraft should be directed to Simi at 301 261.9601 or via email at shelly.simi@adamaircraft.com.

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-piston aircraft has been Type Certified by the FAA, and the A700 Very Light Jet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (KAPA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

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Contact:

Shelly Simi
Adam Aircraft
301 261.9601
shelly.simi@adamaircraft.com

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Adam Aircraft Announces Industry Veteran as Vice President, Flight Operations
Experienced Leader Maps Out Flight Test Programs for A700 AdamJet

The A500 Centerline Twin and the A700 AdamJet

Englewood, CO-August 16, 2005 —Adam Aircraft today announced that Bill Watters has joined the firm as Vice President, Flight Operations. Bill comes to Adam Aircraft from Gulfstream Aerospace Corporation, where he served for seven years as Chief Pilot and Senior International Captain. Bill will be responsible for all engineering flight test, all production flight test, customer flight training, demonstration flight department, and corporate air transportation.

"Bill Watters brings both intellect and experience to Adam Aircraft, and he will create superior flight operations programs for us and our customers," stated Joe Walker, Adam Aircraft President and COO. "Under his tutelage, Adam Aircraft will complete certification and delivery in a timely and orderly fashion, with efficient and effective test and production cards. The firm is currently enlisting top-notch jet DERs and production test pilots for both aircraft, as well as creating a mentor pilot program, ensuring an Adam Aircraft pilot will accompany each aircraft delivered to new operators."

"Adam Aircraft plans to enhance the A700 AdamJet program concurrently with the success of the A500, which received FAA Type Certification on May 11, 2005," said Bill Watters. "The 70% commonality between the two aircraft will lead to a quicker Type Certification for the A700, which has almost 300 flight hours and has flown to and from the Oshkosh AirVenture, AOPA, and NBAA events for the past three years. In Oshkosh, we flew the A700 as one of the featured flights on the last Friday of AirVenture 2005, and the response was positively overwhelming. Additionally at Oshkosh, almost 100 participants attended the Adam Aircraft press conference, during which the firm delivered an extensive, detailed presentation of both the A500 and A700 programs."

Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-piston aircraft has been Type Certified by the FAA, and the A700 Very Light Jet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft headquarters are based on Centennial Airport (KAPA) in Englewood, Colorado with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

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Contact:

Terry Truman
Adam Aircraft
303 406.5965
terry.truman@adamaircraft.com

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Adam Aircraft Receives Type Certification For The A500 Centerline Twin

Englewood, CO-May 11, 2005 —Today the Federal Aviation Administration (FAA) issued a Type Certificate (TC) to Adam Aircraft for the A500 Centerline Twin.

"We are very pleased for our team who worked so hard for this TC," said Adam Aircraft Chairman and CEO Rick Adam. "I am also very happy for our customers who will be able to pilot their A500s soon. Working with the FAA, we have produced a next-generation twin that meets or exceeds the highest safety and regulatory standards."

The A500 is constructed of high-performance Toray carbon fiber material, producing an extremely strong and aerodynamically efficient airframe. The centerline configuration for the twin Teledyne Continental TSIO-550 powerplants provides the reliability of two engines without compromising single-engine stability. Inside the cabin, pilots and passengers will experience many of the latest technological advancements such as seats rated to 26Gs, side-stick controls, airbags at the crew stations, and a flight deck with large Avidyne flat screen displays and Garmin nav/com systems. As passengers step up from the air stair door of the A500 into the club-seating configuration in the cabin, they will appreciate the wide aisle for ease of movement and the largest cabin in its class.

The first major production milestone for the A500 was announced in October 2004, with the rollout of S/N 004, the first customer aircraft. Since that time, five other customer aircraft have been added to the production process. Facilities in Englewood and Pueblo, Colorado and Ogden, Utah will contribute to a capacity ramp-up goal of six aircraft per month, during which time the Production Certification is expected.

A world-class customer experience is a high priority for Adam Aircraft. The A500 support structure includes nine factory-authorized service centers and AOG field service assistance will be provided to maintain the highest degree of dispatch reliability for customer aircraft. Training for pilots will be provided at the factory under an FAA-approved FAA Industry Training Standards (FITS) training syllabus. Customers will also receive assistance in finding competitive financing through Adam Aircraft Financing as well as insurance alternatives for their aircraft.

"Placing customers into their planes for the very first time is always the most rewarding part of any aircraft development process," said Joe Walker, President and COO of Adam Aircraft. "Having flown more than 50 people in the A500 already, our customers tell us how easy the A500 is to fly, how strong the performance is, how comfortable the cockpit and cabin are, and how confident they feel in the aircraft. When people walk up to the A500 on the ramp, they are amazed at its substantial size and commanding presence. We are looking forward to delivering this great aircraft to our backlog of more than 65 customers."

The Type Certificate for the A500 will be upgraded to final performance and specifications concurrent with volume deliveries that begin in the third quarter of 2005. Final performance numbers will include a 230-knot cruise speed, more than a 1,000 nm NBAA IFR range at 75% power, and a cabin altitude of 8,000 ft. at a maximum aircraft operating altitude of 25,000 ft. For additional information on A500 performance and specifications, visit the Adam Aircraft website at www.adamaircraft.com/specifications.asp.

A500 Type Certification represents the culmination of more than 450 dedicated Adam Aircraft team members' efforts and 2,000 hours of developmental and certification flight test work. This team has contributed over 1.5 million man-hours towards the TC since 1998, positioning the A500 as one of the most advanced aircraft in the general aviation fleet today.

Adam Aircraft: Adam Aircraft is a designer and manufacturer of advanced aircraft for civil and government markets. The company uses computer-aided design, rapid prototyping, advanced manufacturing techniques, and carbon composite materials to produce high-performance aircraft at attractive prices. The A500 twin-piston aircraft has been Type Certified by the FAA and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft's headquarters are based on Centennial Airport (APA) in Englewood, Colorado with additional facilities in Pueblo, Colorado and Ogden, Utah. To learn more about the company, visit www.adamaircraft.com.

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Contact:

Adam Aircraft
sales@adamaircraft.com
1-866-AdamAir (1-866-232-6247)

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