Englewood, CO, September 19, 2006 — Today, the Federal Aviation Administration (FAA) issued a Production Certificate to Adam Aircraft, giving the company approval to manufacture and deliver its A500 aircraft under an FAA-approved type design. This allows Adam Aircraft to accelerate production of the A500 by being able to inspect and apply standard airworthiness certificates under a system approved by the FAA. The FAA Production Certificate substantiates that Adam Aircraft's Quality System and manufacturing procedures meet the Federal Aviation Regulations.
Obtaining type and production certificates for manufacturing new products is a fundamental concept in the FAA regulatory framework. Inherent in this concept is the privilege for a PC holder to obtain a standard airworthiness certificate without further showing to the FAA.
"An FAA Production Certificate represents a major step toward the Adam Aircraft goal of delivering six A500 aircraft every month," said Rick Adam, Founder and CEO. "Issuing a Production Certificate means the FAA accepts the Adam Aircraft Quality System as one that will reliably produce A500 aircraft that conform to the approved type design."
"The FAA Production Certificate Board determined that Adam Aircraft has met all the requirements for issuing the certificate and our engineering, manufacturing, and quality assurance organizations are poised to increase A500 deliveries," stated Darrel Watson, Adam Aircraft Vice President, Quality Assurance. "We look forward to working closely with the FAA and using our proven ability to manage Requests for Conformity (RFC) under our approved Organizational Designated Airworthiness Representative (ODAR) Manual as we take the next step in achieving a type certificate for the A700 AdamJet."
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-engine 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 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 www.adamaircraft.com.
The Board of Directors of Adam Aircraft announced today that John D. Wolf has been named company Chairman and CEO effective immediately.
Tip-to-Tail hourly maintenance cost guarantee programs developed exclusively for the new Adam A500 twin-engine piston and A700 AdamJet aircraft.
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