JSSI® and Adam Aircraft Announce Exclusive A500 and A700 Tip-to-Tail® Coverage
MicroLightJets.com News
Englewood, CO, May 30, 2006—— Today JSSI (Jet
Support Services, Inc.) and Adam Aircraft introduced Tip-to-Tail hourly
maintenance cost guarantee programs developed exclusively for the new Adam
A500 twin-engine piston and A700 AdamJet aircraft.
This program launch marks the entry into the VLJ (Very Light Jet) market
for JSSI and the first hourly maintenance program to include complete
airframe and engine coverage for a twin-engine piston aircraft.
"This is a milestone for us at JSSI. We worked extensively with the Adam
Aircraft customer support team to put this together," commented John F.
Haskins, President and Chief Executive Officer for JSSI. "We knew our hourly
cost programs could be effective over a wide spectrum of aircraft. Now these
owners can expand on their warranty coverage and benefit from our excellent
technical support as well as having predictable maintenance costs year after
year."
Adam Aircraft A500 and A700 buyers can now include Tip-to-Tail coverage
at preferred rates for three or five year terms when they purchase the
aircraft.
"The fixed-cost maintenance program offered by JSSI will stabilize the
direct operating cost for owners of new A500 and the A700 aircraft, and
ensure a high rate of dispatch reliability", said Kay Ardalan, Adam Aircraft
Vice President, Customer Support. "This program also features a computerized
maintenance tracking program that will augment the Maintainability and
Reliability analysis of our fleet and enable better planning of support
elements."
The exclusive A500 Tip-to-Tail program will cover the airframe and the
Teledyne Continental Motors TSIO-550-E Continental engine and accessories.
The A700 AdamJet program will cover the entire airframe and accessories.
Some key maintenance items included in both programs are:
- Scheduled maintenance, parts and labor
- Unscheduled maintenance, parts and labor
- Life limited components
- Removal and reinstallation
- Loaner components (including avionics)
- Service Bulletins
- Airworthiness Directives
- Troubleshooting
- On-site JSSI technical representation
The benefits of the Tip-to-Tail Program for Adam Aircraft owners and
operators include:
- Elimination of financial risk for both scheduled and unscheduled
maintenance events
- Continued control over their maintenance operation and expenses
- Ability to transfer their Tip-to-Tail equity to future enrolled
aircraft
- Opportunity to realize an increase in their aircraft's residual value
- Reimbursement for in-house maintenance labor and parts expenses
- Opportunity to be reimbursed for some of the funds paid into the
Tip-to-Tail Program through the JSSI/VEST plan
Founded in 1989, JSSI provides customers with comprehensive, flexible and
affordable financial tools for managing the often unpredictable costs of
operating and maintaining nearly all types of turbine-powered aircraft,
including jets, turbo-props and turbine powered helicopters. The only
independent hourly cost maintenance provider, JSSI serves customers globally
and manages maintenance services through its network of technical advisors
stationed worldwide. For more information about JSSI, visit the company's
web site at www.askjssi.com.
Adam Aircraft is a designer and manufacturer of advanced aircraft for
civil and government markets. The company uses computer-aided design, rapid
prototyping, advanced manufacturing techniques, and carbon composite
materials to produce high-performance aircraft at attractive prices. The
A500 twin-engine piston aircraft has been Type Certified by the FAA, and the
A700 AdamJet is currently undergoing flight test and development. The
company’s largest outside investor is Goldman Sachs. Adam Aircraft
headquarters are based on Centennial Airport (APA) in Englewood, Colorado
with additional facilities in Pueblo, Colorado, and Ogden, Utah. To learn
more about the company, visit
www.adamaircraft.com.
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