Adam Aircraft Reports

August 19 - Marking the first anniversary of the A700's debut at Oshkosh in July 2003 and the third showing of the A500 centerline twin, Adam Aircraft takes a record nine orders for its two aircraft models during EAA AirVenture 2004.

Having surprised spectators last year with the arrival of the A700, Adam Aircraft provided yet another new experience for show goers this year. The A700 that arrived at Oshkosh is the first flying aircraft in the closely followed personal jet segment to have an installed interior featuring seven seats and an aft lavatory. Hundreds of visitors sat in the A700 and experienced the new class of aircraft. "I was amazed by the size of the interior. I always thought these new efficient jets would have to sacrifice on room and comfort, but the A700 is spacious," said John Stahler, aircraft owner and visitor to EAA AirVenture 2004.

The A500 made its third showing at Oshkosh this year and continues to make progress toward FAA Type Certification. Since this summer, the A500 has accumulated three national and two world records for speed over a recognized course. On one flight from Los Angeles to Denver, the A500 averaged 279 MPH and completed the trip in 2 hours 59 minutes. Other record flights are planned around Adam Aircraft's participation in the NBAA and AOPA trade shows later this fall.

With more than 60 orders for the A500, Adam Aircraft has accumulated a strong customer base. Certification of the A500 is nearing the final stages. With 98% FAA conformity on the aircraft, 94% completion of structural testing, and 66% completion of system testing, Adam Aircraft forecasts Type Inspection Authorization (TIA) by month-end. Once TIA is achieved, there will be 12 additional weeks of flight and systems tests before Initial Type Certification and an additional four weeks for full certification. Assuming there are no delays in the above-mentioned timeline, the A500 will be fully certified by year-end 2004.

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 very high-performance aircraft at attractive prices. The A500 twin-piston aircraft is approaching FAA certification and the new A700 AdamJet is currently undergoing initial flight test. The company's largest outside investor is Goldman Sachs. Adam Aircraft's headquarters are based on Centennial Airport (APA) in Englewood, Colorado. To learn more about the company, visit www.adamaircraft.com.