Mon, Jul 26, 2010
Alan Klapmeier Will Serve As CEO And Chairman
Following up on a story ANN broke late last week, Mr. Anthony
Galley announced Friday the creation of a new airplane company,
Kestrel Aircraft, to complete the certification and produce a new,
single engine turboprop airplane. Kestrel Aircraft also marks the
return of Alan Klapmeier as CEO and Chairman, and is joined by
other seasoned professionals with broad aviation and business
experience.
Kestrel Aircraft will base its operation at Brunswick Landing,
Maine. "We will see the project through FAA and EASA certification,
and manufacture the aircraft in Maine.” Klapmeier said,
“I would like to thank Anthony Galley, Adrian Norris, and
their team for their work in getting project to this point,
and look forward to continuing to work with them to bring the
aircraft to market.”
Kestrel Vice Chairman Edward Underwood, former executive
director of Arcapita, an Atlanta, GA, based equity firm, is excited
about continuing to bring new technologies to the market place.
“When we started reviewing various projects, there were a
number of very interesting opportunities that presented
themselves.” Underwood stated, “The commitment of the
people of the State of Maine and the Midcoast Regional
Redevelopment Authority helped make this particular project
compelling. The leverage brought by the economic development
components will be a strong help in completing the
financing.”
The Kestrel management team says its turboprop will carry
more while flying further and faster, into and out of shorter
runways. These benefits come from advanced aerodynamics and
composite construction. The management team says it will position
the new Kestrel to bridge the traditional gap between turboprops
and substantially more expensive business jets.
Klapmeier calls the Kestrel, “an elegant solution for
personal and business transportation that will redefine its class,
while being economical and easy to operate.”
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