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Monday, April 19, 2010 7:48:37 PM
FF5000 Aircraft Development Program
The Company is currently in the process of building a prototype of the FF5000 aircraft, and is exploring a strategic acquisition of a major sub-assembly contractor. The Company expects to complete construction of the prototype by year-end 2008 and to begin the FAA Part 25 Certification process which, when completed, will allow the Company to produce the FF5000 aircraft for commercial sales for delivery to customers worldwide,by fourth quarter 2010. The FF5000 aircraft development program consists of the following: Prototype Construction and First Flight Build Final Assembly Facility Phase I of FAA Certification Phase II of FAA Certification FAA Certification – Phase I and Phase II The FAA Part 25 Certification is planned in two phases: Phase I is expected to commence in the first quarter of 2009 and will take 12 months to complete. Phase I will include the development of the certification plan, filing of the certification application, certification of the detailed production engineering, construction of the static test articles and the conformity aircraft sub-assemblies, and initial certification flight tests using the Conformity One aircraft. Phase II will begin in the first quarter of 2010 and is expected to take 12 months. This will include final assembly of the first production model aircraft (Ser. No.001), initiation of limited production of the aircraft (Production Lot I [36 aircraft]), certification flight-testing and receiptof final Part 25 Aircraft Type Certification. Upon receipt of the Part 25 Type Certification, the business plan calls for completion of the initial 36 aircraft for delivery. First Freight Feeder Aircraft Production Jig received from Metalcraft Technologies,Inc 4th Quarter 2007FF5000 – FAA Certification Program
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