First Engine Starts and Low Speed Taxi Tests Completed in the PiperJet POC; High Speed Taxi Tests Next We’re looking forward to sharing more exciting news with you in the future!

For the first time in Piper’s seventy-one year history, the sound of a turbo fan powered Piper airplane was heard when the PiperJet Proof of Concept’s engine was started and tested on June 19, 2008.

ALBUQUERQUE, NM - May 30, 2008 - Eclipse Aviation, manufacturer of the world’s first very light jet (VLJ), today announced at its E-rrival customer event that it will start taking orders for the Eclipse 400 single-engine jet, a production version of the Eclipse Concept Jet first displayed at EAA AirVenture 2007.  Eclipse Aviation is rewarding its many loyal Eclipse 500 customers by allowing them to be the first to place deposits on an Eclipse 400.  Additionally, Eclipse 500 customers will receive an exclusive $125,000 discount off the final delivery price provided their deposits are placed prior to July 25, 2008.  Deposits from all others will be accepted starting at EAA AirVenture in July 2008.

Excel Jet's second Pre-Production aircraft the new Sport Jet II ES is now being built. Excel Jet will be at Oshkosh Airventure this year with the II ES in Combo P space.

Aircraft Fractional-Ownership Provider to Honor Earth Day by Offsetting Carbon Emissions for Its Customers

CLEARWATER, Fla., April 21, 2008 (PRIME NEWSWIRE) -- Avantair Inc. (OTCBB:AAIR), (OTCBB:AAIRU), (OTCBB:AAIRW) ("Avantair"), the only publicly traded stand-alone fractional operator and the exclusive provider of fractional shares in the Piaggio Avanti P.180 aircraft, announced today that in celebration of Earth Day, it is offsetting 5 flight hours of carbon emissions for all new fractional share owners with TerraPass, the leading consumer retailer and marketer of greenhouse gas reduction offsets. TerraPass funds clean energy and efficiency projects that will reduce greenhouse gases in the atmosphere.