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Published byRoderick Taylor Modified over 9 years ago
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Introduction to the Avocet ProJet Introduction to the Avocet ProJet SpeedNews Eighth Regional & Corporate Aviation Suppliers Conference November 3, 2003 Mark Biagetti Chief Operating Officer Avocet Aircraft
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Avocet Overview ProJet Aircraft Air Taxi Market
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Avocet Aircraft A new company with… A 50-year history of success 14,500+ employees $4.5bn backlog Through its strategic alliance with…
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Israel Aircraft Industries The Avocet ProJet will be designed, built and certified by IAI Designed, building and certifying G100, G200 and G150.
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The Avocet ProJet Senior Team Carey Wolchok – Chairman David Tait – CEO Mark Biagetti - COO Jeff Myers – VP Marketing & Sales
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Avocet Advisory Board Selected Members Dr. Jacob Frenkel – Chairman, Merrill Lynch International Joe Montana – Pilot, IAI product owner Dr. Gil Amelio – Former CEO Apple Computer Al Schwimmer – Founder IAI Sir Freddie Laker – Aviation Pioneer Joe Edwards – Astronaut, test pilot, Chairman National Science Center
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The Avocet ProJet
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ProJet Basics Target price: $2 million 6-place with fully enclosed lavatory Ceiling: FL410 Range: 1200 nm Cruise: 365 ktas Exterior baggage
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The ProJet has been designed to provide its owners with … Convenience Safety Reliability Affordable costs – Acquisition – Operating
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What Makes a Professional Jet? Built for high-usage, high-cycles per year Progressive maintenance Low DOCs Efficient and modular cabin design Pilot/operator-friendly, state-of-art systems – Avionics – Engines
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What Makes a Professional Jet? A cross-section that’s Bigger than Eclipse Bigger than Mustang Bigger than CJ1 … and half the cost
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CJ 1 MUSTANG ECLIPSE 58.” 57.” 56” 54” ADAM 700 54” 52” 58.3” 57.0” ProJet 56” 50”
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ProJet Interior Interior 6-place configuration – Fully enclosed lavatory – Custom designed AvoSeats that swivel/move for tandem or club seating arrangements – Room for extra baggage
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6-Place Interior
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Utilitarian Interior Optional 8-place configuration – Lav removed; bench sofa seat installed – Room for kids, pets, golf clubs, bags
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Utilitarian Interior
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Timing First Flight – Fall 2005 Certification – Late 2006 Deliveries – Late 2006
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Recent News August 4, 2003 Avocet announces ProJet program October 8, 2003 Avocet announces fleet order of 100 aircraft from UltraJet
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New Air Taxi Market
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It started with a simple idea
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And a simple, compelling fact
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… a revelation
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… and a solution
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Air Taxi High utilization – Baseline 1,200 hours/cycles per year – Capable of 2,000 hours/cycles per year On demand – Not a scheduled service Aggregation – Several non-related customers at a time Flexibility – Service to smaller airport locations
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Real life example Trip from New Canaan, CT to Cleveland, OH – 3 people traveling together for a 2 hour meeting starting at noon Options – Commercial airlines $3,300 LGA-CLE rt 10 hour round trip travel time Includes 2 hours flying – Commercial airlines $1,380 LGA-CLE via Tampa 14 hour round trip travel time (overnight?) – Charter $1,800 Danbury-CLE 4.5 hour round trip travel time 3.5 hours flying Small, old, piston twin (Aerostar) with one pilot Travel time is door to door, excluding meeting time
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Air Taxi Market Enablers Purpose-built aircraft availability Public acceptance Development of critical mass
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ProJet description Air taxi market description Revolutionizing the way we travel The Ultimate Off-Road Vehicle Summary
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Avocet Aircraft 10 Bay Street Westport, CT 06880 (203) 454-5656 (203) 454-5858 fax www.avocetaircraft.com
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