Press Releases
FOR IMMEDIATE RELEASE
March
4, 2004
BEST AERONET AVIATION, LTD., SELECTS AVCON RVSM FOR ITS LEARJET
20 SERIES FLEET.
-Avcon has in excess of 40 booked or pending orders scheduled
through December 2005
[OLATHE, KANSAS, March 4, 2004] - Butler
National Corporation (OTCBB - "BUKS") is pleased
to announce BEST AeroNet Aviation, Ltd., has selected AVCON
Industries, a wholly-owned subsidiary of Butler National Corporation,
to provide the Reduced Vertical Separation Minimums (RVSM)
solution for its fleet of shared-ownership Learjet 20 series
airplanes.
AVCON is currently completing RVSM installations on three
of BEST's refurbished Learjet 25 airplanes. A fourth airplane
is enroute to AVCON. This follows the announcement on January
28th that Kalitta Charters selected AVCON for its fleet of
12 Learjet 20 series airplanes. AVCON has completed RVSM installation
and delivery on eight Learjet 20 airplanes. At the present
time, AVCON has in excess of 40 booked or pending orders scheduled
through December 2005. There are approximately 500 Learjet
20 series airplanes in use worldwide. AVCON expects many of
these Learjet operators to select AVCON as their RVSM solution.
RVSM allows jet aircraft to operate from altitudes of 29,000'
through 41,000'. The current retail price for the installed
RVSM solution is $156,975, plus the cost of required autopilot
component inspections and repairs. The AVCON RVSM turnkey
solution requires approximately two to three weeks downtime
for structural and electrical modifications to replace the
existing pitot and static system, and to install the approved
RVSM equipment. Domestic RVSM goes into effect on January
20, 2005.
Customer Comments:
"AVCON's RVSM solution for the 20 Series Learjet
aircraft is no less than a modern marvel," commented
Roger Humiston, Director of Operations of BEST AeroNet Aviation,
Ltd. "The Rosemont Probes and IS&S Digital Altimeters
turns a tiger of aircraft into a pussy cat. AVCON's new RVSM
solution, with a highly improved static system, exonerates
the JET FC-110 autopilot by proving it to be extremely capable
upon receiving accurate information. The autopilot now holds
the aircraft altitude to within 20 feet. The RVSM modification
compliments the industry commitment to the CJ-610 engine to
keep the Learjet 20 series airplanes flying for another 40
years."
"Every BEST AeroNet pilot who has flown the AVCON modified
Learjets raves about how much easier the aircraft is to fly
and what a joy the autopilot has become. Thank you, AVCON,
for taming the wild beast known as the 20 series Learjet,"
continued Humiston.
BEST AeroNet Aviation, Ltd., based at Sherman/Denison Grayson
County Airport north of Dallas, is a subsidiary of Best AeroNet,
Ltd., "The Business Aviation Fuel Network" company.
The companies specialize in discount jet fuel sales, shared
aircraft ownership, airframe and engine maintenance, and FBO
services.
Our Business:
About AVCON Industries, Inc.
AVCON Industries, Inc., a wholly-owned subsidiary of Butler
National Corporation, offers regulatory and special mission
modifications of business-size airplanes. AVCON is a Certified
Repair Station (B92R922N) and offers a full range of maintenance.
AVCON specializes in passenger to freighter conversions, installation
of aerial photography equipment, and stability enhancing modifications
for Learjet, Beechcraft, Cessna, and Dassault Falcon aircraft
along with other specialized modifications.
About Butler National Corporation
Butler National Corporation operates in the Aerospace and
Services business segments. The Aerospace segment focuses
on the manufacturing of support systems for "Classic"
commercial and military aircraft including the Butler National
TSD for Boeing 737 and 747 Classic aircraft, switching equipment
for Boeing/Douglas Aircraft, weapon control systems for Boeing
Helicopter and performance enhancement structural modifications
for Learjet, Cessna, Dessault and Raytheon business aircraft.
Services include electronic monitoring of water pumping stations,
temporary employee services, Indian gaming services and administrative
management services.
Forward-Looking Information:
The information set forth above may include "forward-looking"
information as outlined in the Private Securities Litigation
Reform Act of 1995. The Cautionary Statements, filed by the
Company as Exhibit 99 to the Company's Annual Report on Form
10-K, are incorporated herein by reference and investors are
specifically referred to such Cautionary Statements for discussion
of factors, which could affect the Company's operations, and
forward-looking statements contained herein.
FOR MORE INFORMATION, CONTACT:
William A. Griffith, Investor Relations
Butler National Corporation
19920 W. 161st Street
Olathe, KS 66062
Ph: 913-780-9595
Fax: 913-780-5088
For more information, please visit the Company web site: www.butlernational.com
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