American Utilicraft Corporation's FF-1080, a cargo-plane project
that was hampered by the damage done to aviation in the
wake of 9/11, may be on the mend. AUC and WSI Hong Kong, Ltd.,
have jointly announced that the companies have entered into an
arrangement for 300 aircraft and exclusivity for the Far East
air freight markets.
John J. Dupont, President and CEO of American Utilicraft
Corporation, and Ruben O. Caputo, President and CEO of WSI Hong
Kong, Ltd., signed a Letter of Intent to facilitate on-going
discussions and negotiations for positions on 300 FF-1080 Freight
Feeder Aircraft, including exclusive rights for sales and support
in the Far East Markets. This represents the Company's efforts to
launch "back into the market" post 9/11, and solidifies the
C