AEI: KAHALA CONVERTS OPTION TO FIRM ORDER

MIAMI, FL., -December 5th, 2013 - Aeronautical Engineers, Inc. (AEI), is pleased to announce that Kahala Aviation of Ireland has converted one of two options secured in April 2013 to a firm order. The third aircraft is a high gross weight B737-400 (MSN 25372) built in 1992 and is currently undergoing freighter modification at AEI’s Authorized Conversion Center, Commercial Jet Services in Dothan Alabama. The B737-400 will be converted on a speculative basis and available for lease in April 2014.

Mr. Mark Thatcher, Chief Aircraft Trader for Kahala Aviation stated that, “following the completion of our first Dothan converted aircraft and the upcoming delivery of the second, it made sense to move forward with an additional aircraft.” He goes on to say, “with the new facility now hitting its stride we feel sure it will not be long before we convert our remaining and new option aircraft to firm orders.”

Mr. Robert T. Convey, Vice President of Sales & Marketing for AEI stated that “Kahala Aviation is one of the leading independent lessors in the 737 freighter space and has a deep knowledge of the market from both a technical and operator perspective. What they have accomplished in this market is truly impressive.”

AEI’s B737-400SF shall provide Kahala’s customers with a Main Deck capable of carrying multiple ULD’s including:

(10) 88″ × 125″ AAA Containers/pallets, P1 to P10 or
(8) 96″ × 126″ ULD’s and
(1) 53″ × 88″ × 64″ Pallet or AEP/AEH or 60.4″ × 61.5″ AKE/LD3 or 61.5″ × 88″ × 56″H AYY in P11
This unique flexibility has been designed by AEI to allow the operator to immediately adapt to multiple ULD configurations at a moment’s notice. When combined with proven reliability, the AEI Converted B737-400SF will allow Kahala’s customers to keep their aircraft where they belong “In the air, generating revenue.”