Viking Seeks Commitments to Launch New Twin Otter Production by sdaferv


									Farnborough International: Hall 4 C16/C

                               Viking Seeks Commitments to Launch
                                    New Twin Otter Production
                            Strong market appeal pushing early decision; operators’ forum
                                          to confirm specs, delivery, price.

Victoria, British Columbia, July 17, 2006……Viking Air Limited, an experienced aerospace manufacturer that has
specialized in de Havilland Canada products for over 30 years, has moved a step closer to confirming it will re-
start production of the 19-seat Twin Otter, to be designated the Twin Otter Series 400.

Viking, which recently acquired Type Certificates for seven de Havilland heritage aircraft, including the DHC-2
Beaver, DHC-3 Otter and the DHC-6 Twin Otter, will host an operators’ forum in Victoria, B.C. September 13th
and 14th, 2006. The forum will evaluate and measure demand, while outlining the aircraft’s specifications,
commercial terms and delivery program. An undisclosed number of firm commitments will be required to ensure
new production, says Viking President & CEO, David Curtis.

“We have had positive certification discussions with Transport Canada and thoroughly evaluated the business
case, and can see no major obstacles that will prevent a production re-start,” Curtis says. “Work is continuing in
this area. Between now and September we will continue to work with our supply chain partners and Transport
Canada to further refine the business case.” Approximately 35% of the aircraft is currently in production for
spares support, including complete wing assemblies.

A total of 844 DHC-6 Twin Otters were manufactured in DHC’s Downsview (Toronto) factory between 1965 and
1989, with more than 600 still in operation worldwide.

Curtis adds, “The Twin Otter remains uniquely in-demand in the 19-passenger transport category. de Havilland
Canada had it right, right from the start. It is in a class by itself in terms of size, speed, strength and versatility.
Twin Otters are in huge demand today with very few good airframes available, and prices climbing to new highs.
A decent 20-year-old 300 Series fetches well over $US 2,000,000 on amphibious floats, making it a viable
candidate for new manufacture.”

An important element of Viking’s program will be to apply innovation and new technology in the manufacturing
process which will be critical to the program’s commercial success. Discussions continue with the Federal
Government to secure this innovation and to further enlarge and diversify aerospace activity in Western Canada.

The Twin Otter has proven its performance and versatility in extreme conditions. In 2001 the Twin Otter was
chosen as the only aircraft capable of executing a mid-winter evacuation of a critically ill patient from the South
Pole in minus 60 degree temperatures. Further demonstrating its unique capabilities, NASA' Glenn Research
Center employs its Twin Otter to carry out icing research in treacherous conditions.

“Good design is simple; good design is timeless; good design solves the right problem the first time,” says Curtis.
“With a few upgrades such as current production PT6A-34 engines and upgraded avionics and systems, we
intend on making a good thing that much better.”

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Curtis says that the production rate he anticipates, while not yet specified, will be sufficient to satisfy the market
demand and will make the Twin Otter Series 400 available and afforable to operators worldwide.

Incorporated in 1970, Viking Air Limited has established itself in the aviation community as a high quality
aerospace manufacturer and an aircraft modification, sales, leasing and repair facility. Viking has held the Type
Certificates for the de Havilland DHC-1 Chipmunk, DHC-2 Beaver, DHC-2T Turbo Beaver, DHC-3 Otter, DHC-
4, Caribou, DHC-5 Buffalo, DHC-6 Twin Otter and DHC-7 DASH 7 since February 2006. Current customers
include Bombardier Aerospace, Bell Helicopter Textron, and numerous de Havilland heritage aircraft operators
worldwide. For more information, please visit

Viking is part of Westerkirk Capital Inc., a Canadian private investment firm with substantial holdings in the
hospitality, aviation and real estate sectors.


Note: Viking Air Limited is not related to, endorsed by, part of, or working with Bombardier Inc.or any of its affiliates on
this project.

David Curtis: (250) 656-7227

Media Contact:
Jamie McIntyre/
 Romeo Oscar marketing communications (514) 780-8525


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