Commander Aircraft Company Announces Investment By Tiger Aircraft

Commander Aircraft Company, which filed for Chapter 11 on December 27, 2002, has secured a court-confirmed financial reorganization plan. Under the plan, Tiger Aircraft will acquire an 80% ownership interest in Aviation General, Incorporated, Commander's publicly traded holding company. This will provide the resources and working capital for Commander to move forward.

Tiger Aircraft and Commander Aircraft Company will join in providing a full product line offering, from the single engine fixed gear Tiger to the high performance single engine retractable gear Commander 115 and Turbo-Charged Commander 115TC. This thoroughbred line of aircraft continues a tradition of excellence, offering the ultimate combination of safety, performance, comfort, and utility in durable, aluminum aircraft constructed and certified to the highest standards.

Synergies in production of the Tiger and Commander 115/115TC models will lead to increased manufacturing efficiencies. Full line marketing programs provide the complete aircraft ownership experience with aircraft acquisition, preferred financing and insurance, product service and support, aircraft trade up programs, as well as pilot training from factory sponsored private pilot training through factory level high performance transition and instrument recurrency training.

VIP service will be provided to each aircraft owner wherever they fly through Total Customer Care and product support with a worldwide network of more than 150 authorized service center representatives.

Orders for the new Commander 115 and Turbo-Charged Commander 115TC are now being taken for early delivery positions.

FMI: www.commanderair.com