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Proposal to Provide Aircraft to Snowbirds
Venga Makes Proposal to Provide Replacement Aircraft for Canadian Forces'
Famed Snowbirds Aerial team 14:34 EDT Friday, September 15, 2006 TORONTO, ONTARIO--(CCNMatthews - Sept. 15, 2006) - Venga Aerospace Systems Inc. ("Venga") (TSX VENTUVAV)(PINK SHEET:VNGAF) announces that it has, in association with ARINC Incorporated (www.arinc.com), made a formal proposal to the Canadian government to provide replacement jet aircraft for the Canadian Forces' Snowbirds aerial demonstration squadron. The Venga / ARINC proposal would see the Snowbirds' current fleet of Tutor aircraft replaced with 18 newer, safer and superior performing, Hawk jet aircraft. The Snowbirds (www.snowbirds.dnd.ca) are the aerial demonstration team of the Canadian Forces. While the Snowbirds have been a symbol of national pride for 35 years, it has long been recognized that the Snowbirds would benefit by acquiring newer and more advanced aircraft. The Venga / ARINC proposal is based on providing the Canadian Forces newer Hawk jet aircraft on a turnkey 20 year lease program that offers the Snowbirds many operational and safety advantages over its current Tutor aircraft including: zero-zero ejection seats; newer avionics and longer range. Adding to the viability of the Venga / ARINC proposal is that based on an aircraft to aircraft comparison using the Canadian Forces Cost Factors Manual, all the offered advantages can be realized by the Canadian Forces at no increased operational costs. "The Venga / ARINC Snowbirds' aircraft replacement proposal is truly a WIN - WIN situation for all," stated Venga's President, Hirsh Kwinter. "Our Hawk based proposal would not only see the Snowbirds flying newer, safer and better performing aircraft, but at a cost that would not exceed the Snowbirds' current operating budget," continued Mr. Kwinter. As an integral part of the VENGA / ARINC proposal, Venga has partnered with ARINC Incorporated, the world leader in transportation communications and systems engineering to provide Venga with a turnkey solution and capability for ongoing maintenance and avionics upgrades required by the Snowbirds. "We are, of course quite excited and pleased to be associated with Venga Aerospace on this leading edge proposal to update the Snowbirds," states ARINC Incorporated Vice President, Barry Schrower. "In the event that the Venga/ARINC proposal is accepted, ARINC will employ approximately 35 Canadians in Moose Jaw for the proposed 20 years. The Venga Hawk proposal also has ARINC Canada providing all new state of the art glass cockpits for all 18 aircraft," continued Mr. Schrower. "We are very excited to be in a position to offer the Canadian Armed Forces with what we believe is a viable solution to the Snowbirds' aging fleet of Tutor jet aircraft," added Kwinter. "The Snowbirds are a true, Canadian icon and should our proposal be accepted, we would be proud to participate in the continuing legacy of what has, and remains, an important part of Canadian aerospace history," concluded Mr. Kwinter. For more information about the Venga / ARINC Snowbirds aircraft replacement proposal see: www.vengasystems.com. This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that may cause the Company's results to differ materially from expectations and speak only as of the date hereof. |
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