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Tue, Sep 16, 2003

ADAM Aircraft Ready To Sell Jets

Adam Aircraft Launches Deposit Program for the A700 AdamJet

Adam Aircraft has introduced a Deposit Program for the A700 AdamJet. For a limited time, the Company will offer the AdamJet for the preferential price of $1,995,000. An initial deposit of $100,000 will secure the preferential price and a delivery position. 

With a 340 knot cruise speed, 41,000 foot ceiling and 1,400 nautical mile range, the AdamJet will provide the performance of existing entry-level jets at a fraction of the cost. Pilots and passengers will also benefit from a large and comfortable six-seat cabin with a fully enclosed lavatory in the rear of the aircraft. Certification and first aircraft delivery of the AdamJet are (quite optimistically-EIC) scheduled for the end of 2004.

"We are very proud to add the A700 to our growing fleet of aircraft and are thrilled by the market's positive response to this new offering," said Rick Adam, Chief Executive Officer of Adam Aircraft.

The A700 AdamJet has completed 20 flights and accumulated 36 hours of flight time since its hurried first flight on July 27, 2003. "Flight test results indicate the aircraft to be very stable and controllable throughout its speed envelope and it looks to be a very strong performer," said Chief Test Pilot Glenn Maben.

Because of an 80% part and system commonality with the A500, the AdamJet is supported by over three years of development experience and almost 380 hours of flight test. "Since most of the aerodynamics and systems have been previously tested and matured on the A500, this has accelerated the flight test program on the AdamJet. The aircraft and systems are performing wonderfully, and we feel confident it will meet mission requirements," added Maben.

Adam Aircraft is a general aviation designer and manufacturer. The company employs advanced computer-aided design and manufacturing and utilizes advanced composite materials, resulting in very high-performance aircraft at attractive prices. Adam Aircraft has development and manufacturing facilities in Englewood, CO, and Pueblo, CO. The A500 twin piston aircraft is approaching FAA certification and an A700 light jet is currently undergoing flight test.

FMI: www.adamaircraft.com

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