---FOR IMMEDIATE RELEASE---

Liberty to Honor Alpha Aviation Customer Deposits

Melbourne, FL, USA (February 11th, 2008) – In light of the recent placement of Alpha Aviation (New Zealand) into Receivership on January 22nd, US-based general aviation aircraft manufacturer Liberty Aerospace has decided to honor customer deposits from Alpha Aviation clients, for use in purchasing a new Liberty XL2 aircraft.

“The possible exit of Alpha Aviation from the market will be a significant loss to the aviation community,” commented Keith Markley, Chief Executive Officer of Liberty Aerospace. “As an industry we are dedicated to working together, and our offer is intended to keep the aviation community flying by delivering modern aircraft to those buyers who still wish to own a new aircraft.”

Liberty Aerospace will honor unfulfilled customer deposits previously placed on new, undelivered Alpha 120T, 160A and 160Ai aircraft, as a deposit on a new Liberty XL2 aircraft, subject to program requirements. Customers should be willing to provide proof of their previous deposit, and enter into a binding purchase agreement. Liberty will honor up to a maximum of US$10,000 towards the purchase price of an XL2 with no further funds being required until delivery. This opportunity is being offered for a limited time and is dependent on market response.

For full details, interested parties should can contact Liberty Aerospace at 321.752.0332 or sales@libertyaircraft.com. Australian & New Zealand-based buyers can contact the Liberty Distributor for that region at +61.3.5662.5658 or nigelhb@libertyaircraft.com.

About Liberty Aerospace, Inc.
Based in Florida’s Space Coast, Liberty Aerospace, Inc. designs and manufactures general aviation aircraft and is the FAA Type 23 Certificate holder for the IFR Certified Liberty XL2. It is the only FAA Certified piston-engined aircraft equipped with a full authority digital engine control system(FADEC), simplifying power management and providing greatly increased levels of safety, reliability and maintainability. The XL2 also benefits from exceptionally low operating costs while remaining extremely fun to fly. Together with its carbon fiber fuselage and modular construction, these technological advances have spurred the sales of the XL2 including a recent 600 aircraft export transaction with China and over 20 aircraft on order for Australian Flight Schools.

For additional information on Liberty Aerospace and its aircraft, visit www.libertyaerospace.com.

Liberty Aerospace Media Contact
Paul Everitt, Business Development Manager
(321) 308-9614
pr@libertyaircraft.com

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