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Introduction to the Introduction to the Avocet ProJetAvocet ProJet
SpeedNews Eighth Regional & Corporate Aviation Suppliers
ConferenceNovember 3, 2003
Mark BiagettiChief Operating Officer
Avocet Aircraft
Avocet Overview
ProJet Aircraft
Air Taxi Market
Avocet AircraftA new company with…
A 50-year history of success14,500+ employees$4.5bn backlog
Through its strategic alliance with…
Israel Aircraft Industries
The Avocet ProJet will be designed, built and certified by IAIDesigned, building and certifying G100, G200 and G150.
The Avocet ProJet Senior Team
Carey Wolchok – Chairman
David Tait – CEO
Mark Biagetti - COO
Jeff Myers – VP Marketing & Sales
Avocet Advisory BoardSelected Members
Dr. Jacob Frenkel– Chairman, Merrill Lynch International
Joe Montana– Pilot, IAI product owner
Dr. Gil Amelio– Former CEO Apple Computer
Al Schwimmer– Founder IAI
Sir Freddie Laker– Aviation Pioneer
Joe Edwards– Astronaut, test pilot, Chairman National Science Center
The Avocet ProJet
ProJet BasicsTarget price: $2 million6-place with fully enclosed lavatoryCeiling: FL410Range: 1200 nmCruise: 365 ktas Exterior baggage
The ProJet has been designed to provide its owners with …
ConvenienceSafetyReliabilityAffordable costs– Acquisition– Operating
What Makes a Professional Jet?
Built for high-usage, high-cycles per yearProgressive maintenanceLow DOCsEfficient and modular cabin designPilot/operator-friendly, state-of-art systems
– Avionics– Engines
What Makes a Professional Jet?
A cross-section that’s Bigger than Eclipse Bigger than MustangBigger than CJ1… and half the cost
CJ 1
MUSTANG
ECLIPSE
58.”
57.”
56”
54”
ADAM 700
54”
52”
58.3”
57.0”
ProJet
56”
50”
ProJet Interior
Interior6-place configuration– Fully enclosed lavatory– Custom designed AvoSeats that
swivel/move for tandem or club seating arrangements
– Room for extra baggage
6-Place Interior
Utilitarian Interior
Optional 8-place configuration– Lav removed; bench sofa seat installed– Room for kids, pets, golf clubs, bags
Utilitarian Interior
Timing
First Flight – Fall 2005
Certification – Late 2006
Deliveries – Late 2006
Recent News
August 4, 2003 Avocet announces ProJet
program
October 8, 2003 Avocet announces fleet
order of 100 aircraft from UltraJet
New Air Taxi Market
It started with a simple idea
And a simple, compelling fact
… a revelation
… and a solution
Air Taxi
High utilization– Baseline 1,200 hours/cycles per year– Capable of 2,000 hours/cycles per year
On demand– Not a scheduled service
Aggregation– Several non-related customers at a time
Flexibility– Service to smaller airport locations
Real life exampleTrip from New Canaan, CT to Cleveland, OH
– 3 people traveling together for a 2 hour meeting starting at noon
Options– Commercial airlines $3,300 LGA-CLE rt
• 10 hour round trip travel time• Includes 2 hours flying
– Commercial airlines $1,380 LGA-CLE via Tampa• 14 hour round trip travel time (overnight?)
– Charter $1,800 Danbury-CLE• 4.5 hour round trip travel time• 3.5 hours flying• Small, old, piston twin (Aerostar) with one pilot
Travel time is door to door, excluding meeting time
Air Taxi Market Enablers
Purpose-built aircraft availabilityPublic acceptanceDevelopment of critical mass
ProJet descriptionAir taxi market descriptionRevolutionizing the way we travel
The Ultimate Off-Road Vehicle
Summary
Avocet Aircraft
10 Bay StreetWestport, CT 06880
(203) 454-5656(203) 454-5858 fax
www.avocetaircraft.com
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