Press Releases
FOR IMMEDIATE RELEASE
January 28, 2004
KALITTA CHARTERS SELECTS AVCON INDUSTRIES’ REDUCED
VERTICAL SEPARATION MINIMUMS (RVSM) SOLUTION FOR ITS LEARJETS.
[OLATHE, KANSAS], January, 28, 2004 Butler
National Corporation (OTCBB – BUKS) announces Kalitta
Charters selected AVCON Industries, a wholly-owned subsidiary
of Butler National Corporation, to provide the turn-key RVSM
solution for its fleet of 12 Learjet 20 series aircraft. Once
installed, the aircraft will meet the future federal aviation
administration equipment requirements necessary to fly at
altitudes above 29,000 feet.
Kalitta has scheduled retrofit slots to complete airplane
fleet compliance by December of 2004. AVCON currently has
slots available through November, 2004. “In the next
60 days, we expect our current facilities will be scheduled
full through the better part of the year. We are offering
a price incentive at $156,975 to receive commitments before
February 15, 2004. We expect the price to increase as we get
closer to the mandatory compliance,” commented Larry
Franke, President of AVCON.
Domestic RVSM establishes six additional flight levels for
airplane operations between 29,000 and 41,000 feet. Implementation
reportedly enhances aircraft operating efficiency by making
more fuel/time efficient flight levels available. RVSM also
enhances air traffic control flexibility and enroute airspace
capacity.
Avcon’s RVSM turn-key solution generally requires 10
to 14 days downtime for structural and electrical modifications
to replace the existing pitot and static system. The installation
features the addition of two IS&S RVSM altimeters that
include altitude alerting functions, and a third, completely-redundant
standby altimeter system. Avcon also installs an autopilot
interface unit and Rosemount pitot/static probe. L-3 Communications
(formerly JET) performs an inspection and overhaul to the
FC-110 autopilot system. All costs associated with autopilot
inspections and repairs are not included in the AVCON RVSM
solution.
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 aircraft. 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 manufacture of support systems for “Classic”
aircraft including the Butler TSD for the Boeing 747 Honeywell
FQIS, switching equipment for Boeing/Douglas Aircraft, weapon
control systems for Boeing Helicopter and performance enhancement
structural modifications for Learjet, Cessna, Dassault 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 a
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
|
