Sino Swearingen Welcomes New Chief Executive Officer.

SAN ANTONIO -- Sino Swearingen Aircraft Corporation (SSAC) announced today that Dr. Ching-Chiang Kuo has been named Chairman and Chief Executive Officer of SSAC.

A member of the Board of Directors for five years, Dr. Ching-Chiang Kuo assumed the position of Chairman in early 2005 and

relocated to San Antonio to take an active part in the daily affairs of the corporation. Dr. Kuo's impressive academic credentials include a B.S. in Civil Engineering from Cheng Kung University in Taiwan, an M.S. in Engineering Mechanics from the University of Iowa and a Ph.D. in Aeronautics and Astronautics from MIT.

After 26 years with Rockwell International, now The Boeing Company (NYSE:BA), on such programs as satellites, the space shuttle, and the space station, he joined the Taiwan government as Vice Chairman of the Public Construction Committee with overall responsibility for public construction projects throughout Taiwan. His accomplishments there include successful implementation of a rapid transit system for the City of Taipei which now serves almost one million riders a day, initiatives to enforce environmentally conservative construction techniques, and developing and executing an effective and eco-friendly landslide and debris flow mitigation methods.

Vision of the Future

According to Dr. Kuo, "SSAC is fully committed to offering superior value to customers by providing an exceptional combination of price, quality, and on-time delivery. The SSAC management team also has a deep conviction to become a World Class aerospace company. An important part of this commitment is to provide a superior return for investors, a great place to work for all its employees, and for SSAC be a vital part of the communities where they operate.

"SSAC is very close to achieving type certification from the FAA on the SJ30-2. The plane has a cruising speed of mach .83 (560 miles per hour), can fly 2,500 nautical miles without refueling and operate at altitudes of up to 49,000 feet. The SSAC plane achieves all this at a price point and fuel efficiency that is far better than any other similar plane in the world.

"Once type certification is achieved, SSAC will focus on achieving production certification and continue its very significant commitment of ramping up production. Because of the large quantity of orders that have already been placed, SSAC has committed to expanding their facilities and workforce in Martinsburg, West Virginia and San Antonio, Texas. In addition, SSAC has committed to and started Lean Manufacturing improvement efforts that will further increase manufacturing capacities and improve quality."

Dr. Kuo also added, "SSAC is deeply committed to developing a World Class work force through team building activities, training and employee development. This effort is being recognized by the local business community as evidenced by Sino being awarded the 2005 Employer of Excellence award in San Antonio, Texas on October 19, 2005. SSAC is committed to doing more than just producing great airplanes, we also have a firm conviction to become an employer of choice and a great company to do business with."