Aircraft: All Glass DA40 Diamond Stars

Diamond has received Chinese certification for its DA20 two seater and DA40 four seater. The DA20-C1 received its CAAC certification in July 2004 and the DA40 in November 2004. Diamond has purchase agreements for fleet sales of both aircraft models with several Chinese customers. The first DA40 DiamondStars will arrive in Beijing early December, for integration into Beijing PanAm International Aviation Academy's Commercial Pilot Training Program.

"We anticipate the growing Chinese aviation market to potentially become a very significant portion of our future business," said Christian Dries, CEO of Diamond Aircraft. "This initial contract with Beijing PanAm is significant in that it is the first introduction of state of the art composite aircraft with all glass cockpits to China. These initial deliveries are the tip of the iceberg and we expect to make additional exciting announcements regarding Diamond Aircraft and China, in the very near future."

Beijing PanAm is the first independent commercial flight training facility to operate in China. PanAm Beijing has placed firm orders for a total of 60 aircraft over 3 years, including 41 DA40 Diamond Stars and 19 DA42 Twin Stars, both featuring Garmin G1000 all glass cockpits. The initial delivery of ten DA40s will be completed by January 2005, with the first four aircraft arriving in Beijing early December 2004.

"Our first class of students has already graduated from specialized English language training and are now in ground school. First flying lessons are scheduled to start before the end of the year," said Li Zhiyun, Director of Beijing Pan Am International Aviation Academy.

FMI: www.diamondair.com