CIRRUS Unveils "The-Jet".

DULUTH, Minn. -- True to its word, Cirrus Design Corporation yesterday fulfilled its promise to a select group of customers by giving them the world's first look at "the-jet" - the most anticipated aircraft in the company's history. Each guest had placed a $100,000 deposit for their first "personal" jet in this new and exciting market.

The company's tight control of the project was evidenced even further by the fact that its own employees who were not directly working on the project were not able to see "the-jet" until hours before the depositors' showing Wednesday night. Today, the rest of the world will witness the same dramatic unveiling at a special event held at the company's Duluth, Minnesota headquarters.

"We're calling it a 'personal jet', not because of its size but because it's a natural extension of our SR22 line," said CIRRUS Co-founder and CEO Alan Klapmeier. "Like the SR22, 'the-jet' is designed to be owner flown and it will be loaded with innovative features, including the CIRRUS Airframe Parachute System[TM]. While it's technologically advanced, it's designed to be exceptionally easy to fly, offering customers the opportunity to grow into yet another lifestyle change with CIRRUS."

Co-founder and Vice Chairman Dale Klapmeier commented, "We are in the early design and development phase and didn't want to limit ourselves in any way. It is also important that any data we released was absolutely accurate." There are many more details to be announced, and information will be released as they are finalized. "So far we can confirm that 'the-jet' will be powered by a quiet, efficient and lightweight William's jet engine that will give the aircraft great utility, economy and simplicity never before seen in this market," Klapmeier concluded.

Vice President of Advanced Development Mike Van Staagen added, "The information we were trying to protect during the past years of product development was the unusual amount of versatility and flexibility that has been incorporated into an airplane of this size. The flexibility is even more surprising given this airplane is designed specifically for a single owner/operator. The design is precisely configured to maximize flexibility for the owner. Mountain bikes, camping equipment, golf clubs, skis, bigger families, antique spinning wheel? No problem! 'the-jet' will deliver more value because its cavernous interior accommodates very diverse usage, and while doing this all at about 300 kts."

About CIRRUS

CIRRUS is a recognized global leader in the manufacturing of personal aviation aircraft that provide unprecedented levels of performance, quality and safety. Their popular SR20 and SR22 composite airplanes incorporate innovative advanced technologies into their design, including the unique CIRRUS Airframe Parachute System (CAPS[TM]). CIRRUS has a direct sales force in North America with sales centers across South America, Europe, China, Australasia, South Africa, Mexico, and the Caribbean. For additional information on CIRRUS and its products please visit: www.CIRRUSdesign.com