U.S. Type Certificate Acquired For Classic Paris Jet

JetSet Aviation Holdings SAS, announced Tuesday that it has reached an agreement with SOCATA for the purchase and transfer of the type certificate and associated rights for the world's first VLJ, the MS760 Paris Jet. Originally designed, manufactured, and certified in France by aviation pioneer Morane Saulnier, the four-seat twin-engine jet cruises at 400 mph and has a range of 1000 miles. It was first certified by the FAA on July 3rd 1958, and was introduced by Beechcraft as the first U.S. business jet.

MS760 Corp, will license the type certificate, which will provide engineering, sales, and other related services for the MS760 platform. While the type certificate transfer is not expected until early in 2010, MS760 Corp has already acquired the manufacturer's drawings, tooling, spart parts, and a fleet of over 30 aircraft it hopes to upgrade and sell. Among the upgrades being researched are a planned turbofan engine option.

To promote the MS760, a two-ship aerobatic air show team, led by Captain Dale "Snort" Snodgrass has been announced to showcase the acrobatic and precision flight capabilities of the aircraft, which is certified in the U.S. in the "Utility" category. "I'm thrilled to be the lead pilot for Team MS760," said Snodgrass. It's easy when you are given the keys to a machine that truly opens the envelope. The MS760 is a solid four-seat IFR Equipped aircraft with remarkable reliability and has excellent flight capabilities," he continued.

Stephen Fox, President of MS760 Holding Corp and owner of a Paris Jet, said "the MS760 has long been admired for it's ease of maintenance, robust design, four passenger capability, flight characteristics, and low operating costs. The MS760 program, combined with a planned trubofan upgrade now in development, should make the re-defined MS760 aircraft an incredible investment."

A standard equipped MS760 with flight training included and other special 2009 incentives will sell for approximately $550,000. Avidyne, Garmin, and Chelton avionics panels are available for the aircraft, and the company says a refurbishment completed this year could qualify for a 50% bonus depreciation under the Economic Development Act of 2009. Fox said the company currently has as many as 30 airframes currently available for upgrade.

FMI: www.ms760.com