Commander Aircraft Company Announces Commander 115 Series.Business Editors BETHANY, Okla.--(BUSINESS WIRE)--March 29, 2000 Commander Aircraft Company, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Aviation General Incorporated (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AVGE AVGE Advanced Video Guidance Sensor ), announced the introduction of the Commander 115 series of high performance single engine aircraft. The Commander 115 represents the culmination of a multitude of improvements to the Commander line, and features numerous airframe, engine and systems refinements, as well as significantly increased range capability and an upgraded standard avionic package which includes dual Garmin 430 GPS/Nav/Coms. Commander single engine high performance aircraft were originally designed and manufactures by Rockwell International Rockwell International was the ultimate incarnation of a series of companies under the sphere of influence of Willard Rockwell, who had made his fortune after the invention and successful launch of a new bearing system for truck axles in 1919. , a leading aerospace and defense company, with the introduction of the Commander 112 series. Rockwell subsequently introduced the Commander 114 and 114A series. Commander Aircraft Company, incorporated in 1988, acquired the Rockwell single engine aircraft line, and designed and engineered a series of aerodynamic, systems, avionics and cabin improvements, resulting in the Commander 114B and turbocharged Commander 114TC. The 114B received a new Type Certificate from the FAA in 1992, and the turbocharged 114TC received a new Type Certificate from the FAA in 1995. The Commander 115 series is the latest of a thoroughbred Thoroughbred Light breed of racing and jumping horse descended from three desert stallions brought to England between 1689 and 1724. Thoroughbreds have a delicate head, slim body, broad chest, and short back. Most are bay, chestnut, brown, black, or gray. line of aircraft that offer the ultimate combination of performance, comfort, safety, and utility, and has become recognized as the Mercedes of the single engine fleet. Commander Aircraft Company is a wholly owned subsidiary of Aviation General, Incorporated (NASDAQ:AVGE). Aviation General is a publicly traded holding company with two wholly owned subsidiaries, Commander Aircraft Company and Strategic Jet Services, Inc. Commander Aircraft Company manufactures, markets, and provides support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for its line of single engine, high performance Commander aircraft, and consulting brokerage and refurbishment re·fur·bish tr.v. re·fur·bished, re·fur·bish·ing, re·fur·bish·es To make clean, bright, or fresh again; renovate. re·fur services for piston aircraft. Strategic Jet Services provides consulting, brokerage, sales and refurbishment services for jet aircraft. The statements in this press release that relate to future plans, events or performance are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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