Adam Aircraft A700 AdamJet Achieves Flight of 41,000 feet at 340 Knots; A700 Very Light Jet Program Continues to Accelerate.

ENGLEWOOD, Colo. -- Today Adam Aircraft announced that the A700 AdamJet flew to 41,000 feet and achieved a true airspeed of 340 knots. The aircraft was crewed by Senior Turbine Test Pilot Ken Sasine and co-pilot Dan Brand.

The aircraft departed Centennial Airport on April 20, 2006, on a test flight to verify the planned maximum operating altitude, and the aircraft performed a direct climb to 41,000 feet. Passing through 39,000 feet, the climb rate was still in excess of 1,000 feet-per-minute. The aircraft flew level at 41,000 feet for approximately five minutes, reaching a maximum true airspeed of 340 knots. As expected, the airplane performed flawlessly.

"This flight signifies the continuing progress of the A700 program," said Bill Watters, Adam Aircraft Vice President of Flight Operations. "Serial Number 001 has demonstrated the aircraft's flight capabilities, Serial Number 002 remains on track for FAA Certification, and collectively the two aircraft have flown more than 500 hours. A700 Serial Number 003 is currently in production."

A700 Serial Number 002 includes a recently installed Digital Acquisition Unit to monitor full engine and fuel instrumentation, and has begun performance testing, including airspeed calibration, takeoff, and landing tests. The aircraft also includes fully functioning software supporting the three-tube Primary and Multi-Function Flight Displays. Static testing has considerably accelerated, with completed fuselage testing to 26.7 psi, which exceeded the 24.7 psi pressure differential test requirement. The static tests for engine mounts, tailbooms, nosewheel tunnel, wing, spars, elevator, rudder, and landing gear are all well underway and scheduled for completion by June 30.

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 high-performance aircraft at attractive prices. The A500 twin-piston aircraft has been Type Certified by the FAA and the A700 AdamJet is currently undergoing flight test and development. The company's largest outside investor is Goldman Sachs. Adam Aircraft's headquarters are based on Centennial Airport (APA) in Englewood, Colorado, with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn more about the company, visit http://www.adamaircraft.com/.