Mr. Peter Van Dyke, CEO of Integrity Aircraft Holdings Corporation ( IAHL ), today 10/02/07 stated that it has been in the process of developing, manufacturing and marketing of a low cost 20 seat, high performance, single engine turbo prop aircraft to be known as "INTEGRITY." "The Integrity will be powered by a high horse power turbine (Honeywell TPE 331-12, 1100 Hp using Jet-A fuel (located high up in the tail fin)). The company holds a patent in the United States that protects the Integrity engine installation and the new overall design concept. The company expects this patent to be extended world-wide. "The company expects massive savings will be realized in the certification of the basic airframe design, certifications and capabilities as we have already acquired certain Intellectual Properties of previously developed aircraft that will be utilized in the manufacturing of this aircraft. "The Integrity is a unique aircraft. It has the most economical means, both in acquisition and operational costs (1.9M per Aircraft) and (cost per seat, per mile) of moving 18 to 20 passengers by air. There is nothing like it on the market. It is my opinion that we will have no direct competition. Additionally, no new aircraft design could possibly recoup the massive development cost and compete with the acquisition costs. It will be produced at a low cost and will sell with an excellent margin, priced so that small airlines will be able to acquire it. "Furthermore, the Integrity can, on a regular basis, have a take off and landing capability of short take offs and landings (STOL), and can land on grass, sand, and unimproved runways. Most importantly, Integrity creates the possibility to service areas previously inaccessible for this size aircraft," said President and CEO Mr. Peter Van Dyke. In the words of a senior Honeywell executive: "Regarding the Integrity Aircraft program, it appears they have the right airframe for the right market at the right time."
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