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Aeroscraft, Pacific Airlift sign new air cargo deal

Pacific Airlift is an aircraft charter company focused on providing
charter solutions for their corporate clients and has been in business
for over 10 years. The two aviation leaders will mutually explore the
benefits and structure of a potential utilization of Aeroscraft’s
capabilities to provide air transportation and logistics services
throughout the Asia Pacific region.

The new partnership with Aeroscraft will allow Pacific Airlift to:

•     Offer access to Aeroscraft logistics services to partners and clients in project development
•     Take advantages of priority in the availability of the Aeroscraft service
•     Continue its history of innovation of becoming a launch partner
  for the Aeroscraft 66 short ton, ML866, and the Aeroscraft 250 short
  ton, ML868, models

“Pacific Airlift is pleased to sign this memorandum of understanding
with Aeroscraft and thrilled to further explore client solutions
surrounding the introduction of this exciting new class of aircraft
poised to alter the heavy-lift cargo transportation landscape with new
point-to-point service capabilities,” states Andrew Sim, Director at
Pacific Airlift. “Pacific looks to further expand our cost-effective
charter solutions for commercial clients, while simultaneously
introducing new service capabilities not possible in today’s air cargo
logistics environment.”

On the other hand, the new partnership with Pacific Airlift will
allow Aeros to broaden the Aeroscraft’s customer base through Pacific
Airlift’s client network in the Asia Pacific region.

“As a global leader in project cargo logistics with a successful
history focused on solving the needs of Asian clients and the broader
Asia-Pacific region, Pacific Airlift is a welcome strategic partner for
Aeros’ in Asia while introducing a new point-to-point network for air
cargo delivery,” explains Igor Pasternak, CEO of Aeros.

Pacific Airlift is an aircraft charter company headquartered in
Singapore and focused on providing charter solutions for corporate
clients in varied commercial sectors. Pacific Airlift is adept at
providing customized aircraft charter solutions for all industries, and
is committed to providing reliable, flexible and cost-effective
air-freight solutions to and from locations throughout the globe.
Pacific Airlift’s services are backed by years of experience delivering
critical, valuable, time sensitive and at times, lifesaving shipments
around the world. Pacific Airlift has been in business for over 12
years, and possesses extensive freight expertise and relationships with
all major air carriers throughout the region, including experience with
aircraft and airports globally.

The Aeroscraft will solve current logistical problems through its
vertical take-off and landing (VTOL) capability when moving heavy and
outsized cargo, and ability to transport ISO containers vertically,
delivering to the full range of Pacific Airlift’s broad territory.
Poised to enhance the air transportation industry, the Aeroscraft will
deliver opportunities for commerce, humanity and ecology by accessing
remote locations with less impact through this new VTOL cargo delivery
capability that eliminates infrastructure development requirements.

The proof-of-design technology demonstration vehicle for the
Aeroscraft was successful in establishing its internal variable buoyancy
technology in January 2013, known as COSH or
control-of-static-heaviness, and the advanced prototype demonstrated
integration of this key technology with other innovative sub-systems
during flight operations in the fall of this year. The demonstration of
technological maturity now leads Aeros into fleet development for two
configurations of the innovative aircraft this decade, a smaller 66-ton
capacity vehicle (ML866), and a larger 250- ton capacity vehicle
(ML868).

Aeros plans to have the first if its initial fleet of 22 vehicles
ready for operation in 2016. The 66-ton capacity ML866 will have a range
of up to 3,100 nautical miles, while the 250-ton ML868’s range will
exceed 5,000 nautical miles.