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AMERICAN AIRCRAFT AND CYCLONE AVIATION OF ISRAEL TAKE MAJOR STEP TOWARD AGREEMENT OF UNDERSTANDING

 AMERICAN AIRCRAFT AND CYCLONE AVIATION OF ISRAEL
 TAKE MAJOR STEP TOWARD AGREEMENT OF UNDERSTANDING
 LONG BEACH, Calif., March 5 /PRNewswire/ -- American Aircraft Corp. (NASDAQ: AARC), has dispatched its senior aircraft consultant, Robert Terry, to Israel with full authority to consummate its pending negotiation with Cyclone Aviation Products Inc., to remanufacture its Penetrator helicopter in Israel, Century Pacific, the consultant to both companies, announced today. Terry is carrying with him production drawings Cyclone requested under the confidentiality agreement it has executed with American Aircraft. Terry, an experienced aircraft consultant of international repute is well-known in Israel having at one time donated a wing of Tel Kashimer, Israel's largest hospital complex.
 Century Pacific also announced that Cyclone had arranged for Israel Aircraft Industries to serve as an authorized sub-contractor for the project.
 Completing the agreement of understanding with Cyclone will allow full marketing efforts to proceed in several countries which have requested firm pricing and delivery schedules on the aircraft. Terry and Century Pacific International will combine their expertise to insure maximum follow-through on the many inquiries received for maximum exposure.
 -0- 3/5/92
 /CONTACT: Capt. Thomas Benavides or Cesar E. Cornejo of Century Pacific International, 602-954-3630/
 (AARC) CO: Century Pacific International ST: California IN: AIR SU:


AL -- LA022 -- 5528 03/05/92 14:29 EST
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Publication:PR Newswire
Date:Mar 5, 1992
Words:215
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