Bloomberg Forum Interview With AASI Aircraft C.E.O.Dr. Carl L. Chen Available On Company Website.

Business Editors

LONG BEACH, Calif.--(BUSINESS WIRE)--June 22, 2000

Advanced Aerodynamics & Structures, Inc. (Nasdaq:AASI) today announced that a recently conducted Bloomberg Forum interview with Dr. Carl Chen, chairman and chief executive officer, is now also available via

Highlights of the interview include Dr. Chen's discussion of the evolution of the JETCRUZER 500(TM) and the recent passage of the complex composite fuselage structure pressurization tests to the satisfaction of the Federal Aviation Administration.

He noted that the JETCRUZER 500, the first new aircraft in its class to be produced in 40 years, is now certified to FAA standards up to 30,000 feet, representing an altitude of over five miles. Pressurization is a key feature that distinguishes this aircraft from its originally FAA certified JETCRUZER 450(TM).

The company is now preparing to accelerate final structure, systems and flight-testing of the JETCRUZER 500 propjet for the amended certification and commencement of anticipated initial deliveries this year.

AASI has a current aircraft backlog of 188, representing $226 million.

The JETCRUZER 500 is a high-speed single engine, corporate propjet aircraft that accommodates first class seating for six people, including the pilot. Powered by a Pratt & Whitney PT6A-66A (1,572 ESHP) propjet engine, the JETCRUZER 500 will cruise at near light jet speed of 345 miles per hour from Los Angeles to New York at altitudes up to 30,000 feet, with only one stop.

Advanced Aerodynamics & Structures, Inc. (AASI Aircraft) is a development-stage company organized to design, develop, have certified by the FAA, manufacture and market propjet and jet aircraft for the world business, commercial and government markets. Information on the company and the aircraft, including 72 press photos, is available on the Internet at www.AASIaircraft.com.

Certain statements contained in this news release, including statements concerning the Company's future cash and financing requirements, the Company's ability to continue to obtain market acceptance of the JETCRUZER 500 aircraft, the Company's ability to obtain regulatory approval of the JETCRUZER 500, and the competitive market for sales of small business aircraft and other statements contained herein regarding matters that are not historical facts, are forward looking statements; actual results may differ materially from those set forth in the forward looking statements, which statements involve risks and uncertainties, including without limitation those risks and uncertainties set forth in the Company's Registration Statement on Form SB-2 under the heading "Risk Factors," and the Company's Form 10-KSB and Form 10-QSB on file with the SEC.