Adam Aircraft announced that Hainan Zhong Hang Tai General Aviation Airlines, the Hainan, China based operating entity of Ameritech Aerospace has placed a firm order for 50 Adam Aircraft A700 VLJs on May 21, 2007. The order was formalized during the European Business Aviation Convention and Exhibition (EBACE) in Geneva, Switzerland.

 

"The business plan of the Chinese company has been developed with the goal of capitalizing on the fast growing general aviation market in China with fractional-share program and air taxi operation in mind," said Jason Fan, CEO, Hainan Zhong Hong Tai General Airlines LTD. "Due to the immediate charter and air taxi growth opportunities in China, we made the A700 our choice because it has the largest cabin space of all the VLJs. In addition, the aircraft combines prestige luxury and speed with its innovative twin tails that remind people of a Formula 1 racecar."

There is currently a serious shortage of professional pilots in China, and aircraft management is often faced with difficulties related to flight planning application, ground handling and maintenance for individual aircraft owners. "The A700 owner will be served by a professional pilot/aircraft manager who will be available for all flights and training during a renewable six month period. This new revolutionary program provides the owner with a stress-free aircraft ownership experience," stated Fan.

"We are delighted to partner with Ameritech to bring the A700 into the China aviation market," said Jan D'Angelo, Director International and Fleet Sales. "This order shows that the A700 is truly a worldwide product that will bring innovation to the operators who are offering cost efficient air travel."

Hainan Zhong Hong Tai General Airlines LTD plans to sell the A500 and A700 aircraft for Adam Aircraft and provide lease back options to owners for air taxi operations following delivery of the roomy carbon fiber A700 in 2008.